Dual Aspect Concept - QS Study
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Dual Aspect Concept Mathematical Explanation

Dual Aspect Concept, also known as Duality Principle, is a fundamental convention of accounting that necessitates the recognition of all aspects of an accounting transaction.......

What is Dual Aspect Concept?

The dual aspect concept states that every business transaction requires recordation in two different accounts. This concept is the basis of double entry accounting, which......