Accountancy, asked by jeetwadekar787, 4 months ago

What is dual effect?

Answers

Answered by khushbooagarwal1101
3

The dual effect principle is the foundation or basic principle of accounting. It provides the very basis for recording business transactions into the records of a business. This concept states that every transaction has a dual or double effect and should therefore be recorded in two places.

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Answered by Nishu66645
1

The dual effect principle is the foundation or basic principle of accounting. It provides the very basis for recording business transactions into the records of a business.

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