The system of recording based on dual aspect concept is called:

Related MCQs

• The process of recording financial data up to trial balance is
• The accounting concept that is principally used to classify leases into operating and finance is…….
• Fixed assets and current assets are categorized as per concept of:
• Ind AS ……. Deals with share based payments
• Accounting principles are generally based upon:
• Net asset value method is based on the assumption that the company is ___________.
• Yield value is based on the assumption that ……………….
• That part of the capital which will be called up only in the event of winding up of the company is called ------- capital
• Under double account system, fixed assets are shown at…..
• Under Double account system, the balance sheet is prepared in ……parts