Give simple definition on Dual Entity Concept

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Give simple definition on Dual Entity Concept..

Answer / ravindra

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

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8 Yes

2 No

Give simple definition on Dual Entity Concept..

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.

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6 Yes

1 No

Give simple definition on Dual Entity Concept..

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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6 Yes

2 No

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