Solved EPFO APFC Question
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Q · AccountingMedium · 45s
The “Dual Aspect Concept” in accounting means:
TopicAccounting
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.25
Test Duration30 min
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This forms the basis of double-entry system. Every transaction has two sides.
Final Answer: Option (A) Every debit has a corresponding credit