dual accounting is a douable entry system.this is two 
accpets .one accepetis debit anther accpets is credit.my 
knowledge is this but any mistake of this question 
retification pleaseaccpet.









                                                  siva kumar

Dual Accounting is a double entry system,wherein both debit 
and credit aspect of a transaction is recorded.Each 
transaction has equivalent debit and credit ledger.

Dual Accounting is a double entry system. There is must
tally the both side i.e debit and credit, so transaction has
equivalent debit and credit ledger accounts in the account
books.

Dual Accounting is a double entry system,wherein both debit 
and credit aspect of a transaction is recorded.Each 
transaction has equivalent debit and credit ledger ledger 
accounts in the account books

Dual Accounting is, in which the Transactions enters in 
both the Debit & Credit side of the accounts. Where also in 
Ledger it goes into both the sides of Debit and Credit Note 
of Transactions.

In another term it is also known as Contra Entry System.

The indian accounting principles are divided in to two 
types accounting concepts, and conventions and one of the 
of the accounting concept is dual aspect of accounting 
system according to this system every journal entry should 
be posted according to double entry system means for every 
debit there should be equal credit to what comes in debit 
it should comes in credit also and its a successful system 
of double entry system

Dual Accounting is a double entry system,wherein both debit 
and credit aspect of a transaction is recorded.Each 
transaction has equivalent debit and credit ledger

dual accounting concept is nothing but double entry 
system,where debit transactions will b recoreded in debit 
side and credit transactions will b recorded in credit 
side,finally ledger accounts will b prepared for both debit 
and credit transactions.

DUAL ACCOUNTING IS ALSO CALLED AS DOUBLE ENTRY SYSTEM   IT
STRARTED IN 1942 BY "LUCAPACLIO" AS PER INDIAN GAAP THE
DOUBLE ENTRY SYSTEM MEANS "EVERY DEBIT THRER MUST  BE A
CORRESPONDING CREDIT"
         EXAMPLE :

                  PURCHASED OD GOODS FROM Y AND CO.

  IT MAINLY DESRIBES  FROM THE GENERAL RULES OF ACCOUNTING 

   DEBIT THE RECEVIER CREDIT THE GIVER
   DEBIT WHAT COMES IN CREDIT WHAT GOES OUT

Accounting method where two entries, one credit and one
debit, are made for each transaction. For example, if an
item of stock is purchased for £100, the payment of £100 is
reflected in the debit account, while the new item of stock
value of £100 is entered in the stock account. Under this
method of accounting assets equal liabilities, and a balance
sheet should balance the two.

   Asset=liabilities+owners equity

Double-entry bookkeeping is governed by the accounting
equation. At any point in time, the following (basic)
equation must be true:

    assets = liabilities + equity



This can be further expanded and the (extended) equation
becomes:

    assets = liabilities + equity + (revenue − expenses)



or

    assets = liabilities + (capital − drawings) + (revenue −
expenses)



    A = L + C − D + R − E



Finally, the equation may be rearranged algebraically as
follows:

    A + E + D = L + R + C

The product valuation determination process is essential to 
ensuring that Indians receive payment on the proper value 
of the 
minerals being removed. Indian tribes and individual Indian 
mineral 
owners receive all royalties generated from their lands. 
The Indian 
tribal representatives have expressed concern that the 
Secretary 
properly ensures the correct royalty is received. Failure 
to collect 
the data described in this information collection could 
result in the 
under valuation of leased minerals.
    Most Indian leases contain the requirement to perform 
accounting 
for comparison (dual accounting) for gas produced from the 
lease. 
According to 30 CFR 206.176, dual accounting is the greater 
of the 
following two values:
    (1) The value of gas prior to processing less any 
applicable 
allowances, or
    (2) The combined value of residue gas and gas plant 
products 
resulting from processing the gas less any applicable 
allowances plus 
any drip condensate associated with the processed gas 
recovered 
downstream of the point of royalty settlement without 
resorting to 
processing, less applicable allowances.
    On August 10, 1999, MMS published a final rule titled 
``Amendments 
to Gas Valuation Regulations for Indian Leases'' (64 FR 
43506) with an 
effective date of January 1, 2000. This regulation applies 
to all gas 
produced from Indian oil and gas leases, except leases on 
the Osage 
Indian Reservation. The intent of the rule was to ensure 
that Indian 
mineral lessors receive the maximum revenues from mineral 
resources on 
their land, consistent with the Secretary's trust 
responsibility and 
with lease terms. The rule requires lessees to elect to 
perform either 
actual dual accounting under 30 CFR 206.176, or the 
alternative 
methodology for dual accounting under 30 CFR 206.173.

dual accounting is a double entry system which comprises 
two way treatment of income & expenses by the use of two 
accounting tools debit and credit.this method fecilitates a 
perfect process of accounting.

DUAL ACCOUNTING IS ALSO CALLED AS DOUBLE ENTRY SYSTEM. the 
system of recording both aspcts of transaction in books is 
called "Double entery system".

dual accounting is nothing but double entry system.the 
method of writing every transation in to two accounts is 
known as dual accounting or double entry system of 
accounting.of the two accounts, one account is given debit 
while the other account is given credit with an equal 
amount.thus on any date the toatal of all debit must be 
equall to the the total of all credits becouse every debit 
has a coresponding credit entry.

IT IS A FACT BASED ON DOUBLE ENTRY ACCOUNTING SYSTEM.ALL THE
BUSINESS TRANSACTIONS HAVE A TWO FOLD ASPECT IN WHICH THE
ONE WHO RECEIVES ADDS TO HIS FUND AND TREATED AS DEBTOR, AND
THE ONE WHO PARTS AWAY WITH SOMETHING,CREDITS THE ACCOUNT
CONCERNED

A true Dual Accounting is one that has both a Home Currency 
and Reporting Currency being captured in 1 single 
accounting package. 

You need to pre-set a Home Currency and a Reporting 
Currency in the system and when you enter 1 transaction, 
based on the rate supplied, it will prepare 2 sets of 
accounts for you automatically. 

Softlin Marketing Pte Ltd in Singapore has a standard off-
the-self systemn that is able to cater for such a 
requirement

Such System is useful for Companies that are invested by 
other country's investor and the stake-holders always 
wanted to check the account status.