Vidyalelo
Commerce · Q1154

Accounting

Graduate and Post Graduate · Commerce · question 1154

Q1154

Which of the following statements is/are correct?

A.
Dual aspect concept assumes an indefinite life of the entity
Answer
B.
In accounting, accrual basis is used for recording of transactions
C.
Both A and B
D.
None of the above

Answer: Option A

Solution

Answer: Option A
No explanation is given for this question Let's Discuss on Board