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Complete the following work sheet: Everything a firm owns, it also owns out to somebody. This co-incidence is explained by the ______ concept

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Question

Complete the following work sheet:

Everything a firm owns, it also owns out to somebody. This co-incidence is explained by the ______ concept

Fill in the Blanks
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Solution

Everything a firm owns, it also owns out to somebody. This co-incidence is explained by the dual aspect concept

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Chapter 2: Theory Base of Accounting - Questions for practice [Page 43]

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NCERT Accountancy Financial Accounting Part 1 and 2 [English] Class 11
Chapter 2 Theory Base of Accounting
Questions for practice | Q 5. (iii) | Page 43
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