A theory for the bipole-dipole method of resistivity sounding is developed. Bipole-dipole apparent resistivities are related to Schlumberger apparent resistivities at two spacings. The theory can also be used to compute exact dipole-dipole apparent resistivity curves providing an improvement over the existing techniques which involve far field approximations. A comparison of bipole-dipole and dipole-dipole systems reveals the similarity between the two. However, the resolution of the bipole-dipole system depends on the azimuth angle. The flexibility of the theoretical expressions lead to a generalized field scheme independent of the bipolar or dipolar nature of the current source.