Answers

Question and Answer:

  Home  Accounting Manager

⟩ Tell me what is dual aspect term in accounting?

As 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.

 171 views

More Questions for you: