Accounting · Accounting Principles and Concepts
According to which basic concept of accounting does every business transaction have a two-fold effect, aligning with the commercial dictum that 'every receiver is also a giver and every giver is also a receiver'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Dual Aspect Concept✓
- 2Objective Evidence Concept
- 3Business Entity Concept
- 4Money Measurement Concept
Correct answer
Dual Aspect Concept
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