Question

What is Dual aspect Concept ?​

Answer 1

Answer:

Dual aspect is the foundation or basic principle of accounting. ... It means, both the aspects of the transaction must be recorded in the books of accounts. For example, goods purchased for cash has two aspects which are (i) Giving of cash (ii) Receiving of goods. These two aspects are to be recorded

Answer 2

Answer:

In every debit there is a credit .

Explanation:

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