Define dual aspect term in accounting?
Submitted by: AdministratorAs the name implies, the dual aspect concept states that every transaction has two sides. For example, when you buy something, you give the cash and get the thing. Similarly, when you sale something, you lose the thing and gets the money. So this getting and losing is basically two aspects of every transaction.
Submitted by:
Submitted by:
Read Online Secretary Accountant Job Interview Questions And Answers
Top Secretary Accountant Questions
| ☺ | If a company has three bank accounts for processing payments, what is the minimum number of ledgers it needs? |
| ☺ | Why is it easier for someone to perpetrate fraud using a journal entry than with a ledger? |
| ☺ | If a private company with break-even operations received a $10 million investment, how would you develop a strategy to spend or invest that money? |
| ☺ | When a company is using double-entry accounting, what elements of a given ledger must be equal? |
| ☺ | What challenges have you faced in leading a team through an analysis project? |
Top Accounts Categories
| ☺ | Accounting Interview Questions. |
| ☺ | Accounts Payable Interview Questions. |
| ☺ | Senior Accountant Interview Questions. |
| ☺ | Junior Accountant Interview Questions. |
| ☺ | Audit Interview Questions. |
