Every debitentryhave an equal andoppositecredit entry
The concept of duality means that every business transaction will have a dual effect on the accounting equation.
It is based on Accounting Principle of Dual Aspect of Money http://www.freembanotes.in/finance/accountancy/30-accounting-equation
in dual aspect every transaction has two transactions if there is any debit entry then there must be credit entry.
it is based on dual aspects of accounting
Financial accounting is a recording, summaring, classifying, communication, anlaysing of business transactions in oder to ascertain the financial position at a given time. and the trms use in financial accounting are: The dual concept in accounting, that is Debit the receiver's account and credit the Giver's account
The concept of duality means that every business transaction will have a dual effect on the accounting equation.
Every transaction has a dual effect (where the money came from, where the money goes to).
The concept of duality means that every business transaction will have a dual effect on the accounting equation.
It is based on Accounting Principle of Dual Aspect of Money http://www.freembanotes.in/finance/accountancy/30-accounting-equation
in dual aspect every transaction has two transactions if there is any debit entry then there must be credit entry.
Janice Monti-Belkaoui has written: 'Qaddafi' -- subject(s): Politics and government 'Accounting in the dual economy' -- subject(s): Accounting, Labor market, Income distribution, Dual economy
it is based on dual aspects of accounting
Reduction of reporting costs of managerial accounting information
Financial accounting is a recording, summaring, classifying, communication, anlaysing of business transactions in oder to ascertain the financial position at a given time. and the trms use in financial accounting are: The dual concept in accounting, that is Debit the receiver's account and credit the Giver's account
Dual Aspect concept: This state that there are two aspects of accounting, one represented by the assets of the business and the other by the claims against them. The concept states that these two aspect are always equal to each other. In other words, this is the alternate form of the accounting equation: Assets=Liabilities+Capital Dual aspect concept is known as "Double Entry Book Keeping System".
Accuracy EfficiencyAccountabilitySolid Transaction audits
It affected it Politically, Socially, And Economically