What is dual aspect Concept ?
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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.
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Answer: states that every business transaction requires recordation in two different accounts.
Explanation:
is 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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