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

EXPAND___________LMB

4 Answers  

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what is Bills Receivables and Bills Payables?

44 Answers   Accenture, Banking, College School Exams Tests, Excel, Finance, Ford, Genpact, HCL, HR Capital Services, IBM, ICICI, MNC, Wipro,

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What is GAAP ?

7 Answers   Capital IQ,

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What do you mean by Accrued Expenses ?

11 Answers   Direct Shipping Services, IBM,

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fill in the Blanks The Financial Year starts from______and ends with______

4 Answers  

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Short Answer on _________Industry

1 Answers  

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what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?

0 Answers  

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two sales synonyms

1 Answers   FactSet Systems,

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What is Bank Reconcilation Statement?

13 Answers   First Midwest Bank, IBM,

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what are the 6 M's of management?

26 Answers   Management, Ram Infotech, State Bank Of India SBI,

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Operating Income means--------------------------

1 Answers  

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What should be the entry passed for TDS deduction by the Company and tds deducted on the Company? Can tds refund on FD foreclosure be adjusted aganist the tds deducted on the Company?

3 Answers  

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