Question

According to the dual aspect concept in accounting, how

does each business transaction affect the accounts involved?

A It is recorded only when cash is Involved.

B It affects two accounts on their respective opposite sides

C It Impacts two accounts on the same side.

D It affects only the income side of the business.

Practice Next

More Accounts Questions

A solid spherical ball of radius 10.5 cm is melted and cast into cuboids, each having dimensions 3.5 cm × 3 cm × 2 cm. Find how many such cuboids are for...
A pipe fills a cubical tank at the rate of 242 m³ per minute in 44 minutes. If a cylindrical tank having height same as the side of a cubica...
If the volume and radius of a cylinder is 7700 cm³ and 14 cm respectively then find the height of the cylinder?
A box has 80 Red, 40Blue and 40 Black Balls. 25% of Red Balls and 50% of Blue Balls are taken away, percentage of Black balls at present is
There is a rectangular paper, whose length and breadth are in the ratio 5:3, respectively and it has a perimeter of 80 metres. If a triangular piece wit...
The perimeter of a rectangular field is 44 metres and its area is 61.5 m² . What is the length of the diagonal of this field?
The radius of a cylinder is equal to the radius of a circle whose circumference is 88 units. If the height of the cylinder is 50% more than its radius, ...
If the curved surface area and the radius of a cylinder are 440 cm² and 7 cm, respectively, then find the volume (in cm³) of the c...
There is a rectangular paper, whose length and breadth are in the ratio 12:11, respectively and it has a perimeter of 92 metres. If a triangular piece w...
A solid cube, whose edge is of length 40 cm, is melted. Identical solid cubes, each of volume 64 cm³, are made of this molten cube, without a...

ask-question