The concept which underlines double entry bookkeeping is
FINANCIAL
WAEC 2023
The concept which underlines double entry bookkeeping is
- A. money measurement concept
- B. historical cost concept
- C. accrual concept
- D. duality concept
Correct Answer: D. duality concept
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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