Accountancy, asked by seavey, 6 months ago

what is the systen of recording transaction based on dual aspect concept?

Answers

Answered by richajain55

Explanation:

The system of recording transactions based on dual concepts is called double entry system. The dual aspect states that every business transaction requires recording into 2 accounts. The concept is the basis of double entry system, dual aspect includes two aspects a debit and a credit.

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