Accountancy, asked by Anonymous, 4 months ago

What is dual aspect Concept?​

Answers

Answered by Anonymous
3

Answer:

In every debit there is a credit

Explanation:

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Answered by gaytribagul125
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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