AdmitMe
Accounts (Principles of Accounts) · Accounting concepts and conventions

Accounts (Principles of Accounts)Accounting concepts and conventionsWAEC

The concept that every transaction has two effects is the

Show answer

Answer: A. dual aspect concept

It is the basis of double entry.

An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.

Practise Accounting concepts and conventionsA timed set on this topic, freeAsk the AI TutorExplain it another way

Discussion

Ask about a step, share a shortcut, or explain it your way. Be kind; no links.

No comments yet. Be the first to explain it.

More Accounting concepts and conventions questions