Which of the following concepts recognizes the principle ...
Which of the following concepts recognizes the principle of double entry?
Business entity
Accrual
Going concern
Dual aspect
Correct answer is D
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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Which of the following errors affects the trial balance? ...
The net book value of the asset at 31/12/19 is ...
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On the dissolution of a partnership business,the net book value of the assets is transferred to? ...
Which of the following is/are true? i. depreciation charges increase profits ii. reduc...
Trade debts amounting to N300 were written off. Which of the following would be affected? ...