Business Studies, asked by sv0747218, 6 months ago

define dual aspect Concept?​

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Answered by aalya31
1

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Answered by Anonymous
8

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Every transaction of a firm is recorded in two different accounts. This relates to double entry bookkeeping. That means dual aspects concept tells every transaction affects the business in at least two aspects which are equal and opposite in nature. Auditors will accept dual aspect concept.

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