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.
Which of the following is a current asset item? ...
Capital at start was ₦250,000, while capital at the end of the year was ₦400,000. Drawings durin...
The accounting entries when goods are sold on credit at the branch are debit ...
A partner who has full power of participating in the conduct of a partnership business is a ...
Use the following to answer the given question \( \begin{array}{c|c} \text{Purchases} & 2,0...
In which ledger is the account of yao, a debtor found? ...
₦ Manufacturing wages 42000 ...
Which of the following is not an item in the profit and loss account? ...