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Question 73Asked in DSSSB TGT Computer Science (Technical), 12 Sep 2025, Shift 3 (5:00 PM)

Which of following accounting concept states that every accounting transaction has two

Which of following accounting concept states that every accounting transaction has two aspects?
  1. AMatching concept
  2. BConservatism concept
  3. CDual aspect concept
  4. DRealization concept
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Correct answer: (C) Dual aspect concept

Explanation

The dual aspect concept says every transaction has two equal effects, a debit and a credit, which is the basis of the equation Assets = Liabilities + Capital.

From DSSSB TGT Computer Science PYQ (Technical), 12 Sep 2025, Shift 3 (5:00 PM)

This is question 73 of DSSSB TGT Computer Science PYQ (Technical), 12 Sep 2025, Shift 3 (5:00 PM). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.