What is the dual aspect concept?
Submitted by: AdministratorDual aspect concept: Each transaction has two sides. Example: when you buy a shirt, then shirt comes to you while cash leaves you similarly if you sell the same shirt to anyone then cash comes to you while shirt leaves you. Recording both aspects of coming and going is called dual aspect concept
Submitted by: Administrator
Submitted by: Administrator
Read Online Accounting Job Interview Questions And Answers
Top Accounting Questions
| ☺ | Define Tally Accounting |
| ☺ | How can you do credit control? |
| ☺ | How to prepare finalization accounts? |
| ☺ | What is Service Tax & Excise? How will it be charged? |
| ☺ | What does the abbreviation dr mean in accounting? |
Top Accounts Categories
| ☺ | Accounting Interview Questions. |
| ☺ | Accounts Payable Interview Questions. |
| ☺ | Senior Accountant Interview Questions. |
| ☺ | Junior Accountant Interview Questions. |
| ☺ | Audit Interview Questions. |
