Accounting · Accounting Principles

The basic accounting equation (Assets = Liabilities + Capital) is based on which of the following concepts?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Dual aspect concept✓
2Accrual concept
3Accounting period concept
4Cost concept

Correct answer

Dual aspect concept

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The basic accounting equation (Assets = Liabilities + Capital) is based on which of the following concepts?

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