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The system of recording transactions based on the dual aspect concept is called ______?

The system of recording transactions based on the dual aspect concept is called ______?

دوہری پہلو کے تصور پر مبنی لین دین کو ریکارڈ کرنے کے نظام کو ______ کہا جاتا ہے؟
Explanation
  • The dual aspect concept states that every financial transaction affects two accounts, ensuring accuracy in bookkeeping.

  • The double-entry system records each transaction with equal debits and credits, maintaining the accounting equation (Assets = Liabilities + Equity).