Accountancy, asked by MEVIRICK6424, 11 months ago

1.Conservatism means to follow safe side2.The double entry system is based on ""Dual Aspect"" concept. true or false with reasons​

Answers

Answered by jayalucky992t
3

Answer:

1.Conservatism Principle is also known as Principle of Prudunce,that means recording all effects of losses

2.Yes ,it is correct as one is debited other is credited.

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