Question

as per dual aspect concept there are two fold effects of every transaction what are they please answer correctly no any is irrelevant answer......​plz answer..

Answer 1

Explanation:

Hence, every transaction will have 'dual' effects (i.e. debit effects and credit effects). The application of duality principle therefore ensures that all aspects of a transaction are accounted for in the financial statements.

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Answer 2

Answer:

Hence, every transaction will have 'dual' effects (i.e. debit effects and credit effects). The application of duality principle therefore ensures that all aspects of a transaction are accounted for in the financial statements.

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