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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4 Answers   BoA,

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4 Answers   Deloitte,

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My Question regarding owners drawings. case1; If owner paid some expenses from his own pocket and later that amount added to his salary then what adjustment entries will needed.

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0 Answers   Genpact,

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The Bad Debts figure in the trial balance is 170. The following info is to be taken into account: A provision for bad debts of 5% of debtors is to be created

2 Answers  

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