The following are conversation between Mr Ahmed and his friend Mr Said who are discussing...
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Accounting
The following are conversation between Mr Ahmed and his friend Mr Said who are discussing about rules of double entry system: Mr Ahmed said: In double entry system equal debits and credits are made in the accounts for each transaction. Mr Salem said: The total debits will always equal the total credits and the accounting equation will always stay in balance. From the above two statements whose statement is correct? O a. Mr Salem Statement only O b. Mr Ahmed statement only Oc. Mr Ahmed and Salem statements are wrong O d. Mr Ahmed and Salem statements are correct
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