Accountancy, asked by seavey, 7 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.

mark brainlist

Previous Question

Next Question

Similar questions

Geography, 3 months ago

scope of human geography...

Math, 3 months ago

write downthe expression : 4 × m and the result added to 16...

Chemistry, 3 months ago

Which of the following does not involve a combustion reaction? a. Production of heat and light from kerosene in lantern b. Production of heat and light from hydrogen in a rocket c. Production of heat and light from hydrogen in sun d. Production of heat and light from Wood in a bonfire ...

English, 7 months ago

Change the words below into abstract nouns using suffixes ance, ee, ence. dom. hood, ness, -ship, or -ty 1. King _______ 2. Sovereign _______ 3. Bold ______ 4. Bright _______ 5. Magnificent ______ 6. Arrogant ______ 7.Scholar ______ 8. Trust ______ 9. Free _______ 10. Neighbour ______...