Answer / ravindra

dual entity concept means for every debit there is a
corresponding credit

Answer / kiran

dual entity concept means for every transtion there is a two
aspects receiving & giving something else in return.

i.e,goods purchase for cash
we are receiving goods &in return we r paying cash in
return.

Answer / satyaki_raju@yahoo.com

The claims against the assets of the business unit are by
the creditors and owners.Therefore the total assets of a
business are equal to total liabilities at any time

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Expand F D I

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Short Answer on _________Financial accounting

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