Every thing a firm owns it also owes out to somebody. Identify the concept which explains this: * 1 pointMaterialityFull DisclosureDual AspectConsistency

Every thing a firm owns it also owes out to somebody. Identify the con

1.	Every thing a firm owns it also owes out to somebody. Identify the concept which explains this: * 1 pointMaterialityFull DisclosureDual AspectConsistency
Answer» DUAL aspect Explanation:It provides the very basis for RECORDING BUSINESS transactions into the book of accounts. This concept states that every transaction has a dual or two-fold EFFECT and should therefore be RECORDED at two places. In other words, at least two accounts will be involved in recording a transaction.

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

Every thing a firm owns it also owes out to somebody. Identify the concept which explains this: * 1 pointMaterialityFull DisclosureDual AspectConsistency​

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Every thing a firm owns it also owes out to somebody. Identify the concept which explains this: * 1 pointMaterialityFull DisclosureDual AspectConsistency