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Every transaction has a dual effect (where the money came from, where the money goes to).
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What is duality?
The concept of duality means that every business transaction will have a dual effect on the accounting equation.
What is duality concept?
The concept of duality means that every business transaction will have a dual effect on the accounting equation.
What does appreciation mean in accounting terms?
Great value.
What does debit mean in accounting terms?
take away from
What is the duality concept?
The Duality Concept in accounting means that under this system all transactions are of a twofold nature and this means that data will be recorded in 2 accounts (credit and debit).
What does CO PG mean in accounting terms?
There are a number of things that CO PG may mean in accounting. In most cases, these are used to mean controlling page. The meanings may vary depending on the context.
What is Dr and Cr stnd for?
In accounting Dr stands for Debit Cr stands for credit the terms literally mean Debit (left side of the accounting equation) Credit (right side of the accounting equation)
What does reliability mean in terms of accounting?
Reliability is a basic accounting principle, known also as the objectivity principle. The principle means that only transactions that can be verified will be entered into a company's books.
What is duality and example of it?
duality is that one thing can mean two things at once. An example is fire, it is beautiful to look at but is destructive and dangerous.
What is substance over form in accounting terms?
is a principal of accounting meaning means fully covered accounting satatements.
Where could one buy a dictionary of accounting terms?
You can purchase a dictionary of accounting terms from retailers such as Amazon. Once on the website, type "Dictionary of Accounting Terms" into the search field at the top of the page and press enter to bring up the item.
Since financial information is communicated in accounting terms. Accounting is said to be?
Language of business
