Which of the following concepts recognizes the principle of double entry?
FINANCIAL
JAMB 2023
Which of the following concepts recognizes the principle of double entry?
- A. business entity
- B. accrual
- C. going concern
- D. dual aspect
Correct Answer: D. dual aspect
Explanation
Dual aspect concept ensures the mathematical accuracy of all records. It states that there are two aspects of accounting: one debit and one credit.
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