Under which of the following accounting principles, every transaction impacts two accounts that accounting equation holds true always.

Cash Accrual Principle

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Revenue Accrual Principle

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Dual Aspect Principle

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Double Entry Book-keeping System

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Solution

The correct option is C
Dual Aspect Principle

As per Dual aspect principle, every transaction impacts two accounts.

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Under which of the following accounting principles, every transaction impacts two accounts that accounting equation holds true always.

The correct option is C Dual Aspect Principle As per Dual aspect principle, every transaction impacts two accounts.

The correct option is C
Dual Aspect Principle

As per Dual aspect principle, every transaction impacts two accounts.