Question
Every transaction has _______________ effect.
✓
Answer
Two Fold
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
More "Complete the following sentences/Table" from Meaning and Fundamentals of Double Entry Book-Keeping→Meaning and Fundamentals of Double Entry Book-Keeping — all question types→Book Keeping & Accountancy STD 11 Commerce / Arts question papers→Maharashtra Board STD 11 Commerce / Arts question papers→Maharashtra Board question paper generator→
Similar questions
Errors are caused due to ______________ recording of transactions.
Depreciation =$\frac{\text { CostofAssetLess........... }}{\text { EstimatedWorkingLifeofAsset }}$
→The debit side of the passbook is called ___________ side.
Income Receivable appears on _____________ side of Balance Sheet
___________ Entry is recorded on both the sides of cash with and bank columns.
The right hand side of an account is called ______________ side.
An excess of debit over credit in the Profit & Loss A/c represents the _____________
If the Trial Balance does not tally, its difference is transferred to ___________ Account.
Bank issue _____________ to current account holders as record or summary for bank transactions.