Question

This principle suggests that every debit has a corresponding and equal credit.

विकल्प

• Matching principle

• Principle of full disclosure

• Dual aspect principle

• Realisation concept

Answer 1

Dual aspect principle

Explanation:

The dual aspect principle is a fundamental concept in accounting that suggests every financial transaction has two aspects: a debit and a corresponding and equal credit. This principle ensures that the accounting equation (Assets = Liabilities + Equity) remains balanced, as every transaction affects at least two accounts in opposite ways.