Modern accounting is based on the Double Entry System, which records every transaction in at least two accounts (one debit and one credit), ensuring the accounting equation remains balanced and enabling preparation of complete financial statements.
Modern Accounting is based on :
CUET UG 2022 — Accountancy Computerised Accounting
2022mcqeasy
Modern Accounting is based on :
Official previous-year question
Held on 23 Aug 2022 · Verified 13 Jul 2026.
Options
- A
Cash basis
- B
Single entry system
- C
Double entry system
- D
Liabilities
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