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.
Mark-up on goods sent to branch are recorded in the books by crediting ...
The unit which keeps government's books of accounts is the ...
A component of an overhead manufacturing cost is? ...
The total of the returns outwards journal is posted to the ...
Items shown in the balance sheet as asset includes ...
PQ Manufacturing Company Raw materials (1/11/2001)...........N3,500 Raw materials (31/12/2001).....