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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.
What else can I help you with?
What was the impact of the Industrial Revolution upon the concept of dual federalism?
Strengthened the concept
Which is the first company introducing the concept of dual career couple?
Explain the concept of a career
Why are dual modes needed and how do system calls relate to the operating system and the concept of dual mode?
d
What is duality concept?
The concept of duality means that every business transaction will have a dual effect on the accounting equation.
What is the dual aspect concept?
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".
What is closely related to the concept of concurrent jurisdiction?
Dual sovereignty
The theory of dual federalism is most consistent with the concept of?
layer cake federalism
What is dual aspect concept of accounting?
in dual aspect every transaction has two transactions if there is any debit entry then there must be credit entry.
What is dual economic?
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.
What does ferio tego mean?
"Ferio tego" is Latin for "I strike, I defend." It implies a dual concept of both offense and defense.
The concept of dual federalism envisions what relationship between the federal and state governments?
Each has distinct areas of authority with very little overlap.
Who Discovered the Dual nature of radiations?
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.
