The concept which underlines double entry bookkeeping is<...
The concept which underlines double entry bookkeeping is
Money measurement concept
Historical cost concept
Accrual concept
Duality concept
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.
In which of the following accounts is interest on partners capital found? ...
The portion of the authorizes capital which has been allotted to members is ...
Discount allowed is a charge made against ...
Goods worth N800 was stolen. The double entries are debit, ...
Cash receipts and payments involving discounts are entered in ...
The total credit sales for a period can be extracted from the ...
The Assets and liabilities of Udo Co.ltd. as at 31st December, 2000. Creditors N50,000 Debtors N...
The excess of the par value of a company's shares over the amount for what for which they are is...
Which of the following is an example of production overhead? ...