Accountancy, asked by Rabiyashajahan14, 3 months ago

significance of dual aspect concept ​

Answers

Answered by AbhiThakur07
1

Explanation:

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 jinitapinggmailcom
0

Answer:

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.

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