Accountancy, asked by Shashidharreddy38711, 1 year ago

Explain Dual Aspect Concept?

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Answered by Rosetheace
4

Dual aspect concept. May 06, 2018. The dual aspect concept states that every business transaction requires recordation in two different accounts. This concept is the basis of double entry accounting, which is required by all accounting frameworks in order to produce reliable financial statements.

Answered by apurvarai26
2

Hii mate!

The dual ascept concept states that every business transaction requires recordation in two different account.

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