Question
The basic accounting equation, Assets = Liabilities +
Capital, is the foundation of which principle?Solution
The Dual Aspect principle states that every transaction has two equal and opposite effects, which is mathematically expressed as Assets = Liabilities + Capital.
'A', 'B' and 'C' started a business together such that 'A' invested a 20% of the total capital invested by 'A', 'B' and 'C' together, 'B' invested 25% o...
A, B and C enter into a partnership, A invest 3X + 1000, B invest X + 3000 and C invest X + 1500 for one year if B share is 20000 from total profit of 4...
Sohan starts a business with an initial investment of Rs. 20,000. After 5 months, Rohan joins the business by investing Rs. 5,000 more than Sohan. After...
A and B together start a business with investment of Rs. 1800 and Rs. (x + 900), respectively. If the profit earned after 5 years is Rs. 7000 and share ...
Ram and Lakhan started a business by investing Rs. 72000 and Rs. 90000 respectively. After 4 months Lakhan withdraws 4/9 of his investment. In 5 months...
'A', 'B' and 'C' started a business together such that 'A' invested a 35% of the total capital invested by 'A', 'B' and 'C' together, 'B' invested 40% o...
Ayush, Tarun and Chintu started a business with initial investments in the ratio 4:5:7, respectively. After one year Ayush, Tarun and Chintu made additi...
"Arun and Bharat started a business together with a combined investment of Rs. 3000. After the first year, Arun withdrew Rs. 400 ...
‘A’, ‘B’ and ‘C’ started a business by investing Rs. 3,000, Rs. 3,600 and Rs. 2,400, respectively. After 6 months, ‘B’ decreased his inv...
'A', 'B' and 'C' started a business together such that 'A' invested a 30% of the total capital invested by 'A', 'B' and 'C' together, 'B' invested 20% o...
