this concept state that for every debit there must be credit or for every credit there must be a debit . this is the basis concept at accounting according financial transaction involve a two fold accepts . 1. yielding of a benifit .
2. the giving of that benifit .
For example - it a business has acquired on asset . it must have given up some other asset such as cash or the obligation to pay for it in future . thus a giver necessarily implies a giver.
Strengthened the concept
Explain the concept of a career
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The concept of duality means that every business transaction will have a dual effect on the accounting equation.
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".
Dual sovereignty
layer cake federalism
in dual aspect every transaction has two transactions if there is any debit entry then there must be credit entry.
what is dual economic?A dual economy is the existence of two separate economic systems within one country, a concept created by Julius Herman Boeke. Dual economies are common in less developed countries, where one system is geared to local needs and another to the global export market.
"Ferio tego" is Latin for "I strike, I defend." It implies a dual concept of both offense and defense.
Each has distinct areas of authority with very little overlap.
The dual nature of radiation was discovered by Albert Einstein in 1905, through his theory of the photoelectric effect. This theory proposed that light has both wave-like and particle-like properties, leading to the concept of photons.