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The principal of accounting which recognises the two fold aspects of a business transactions is?
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The principal of accounting which recognises the two fold aspects of a...
Double
 entry system is based on 
the principle
 of “Dual 
Aspect
” which states that every 
transaction
 has 
two
 effects, viz. receiving of a benefit and giving of a benefit. Each 
transaction
, therefore, involves 
two
 or more 
accounts
 and is recorded at different places in the ledger.
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The principal of accounting which recognises the two fold aspects of a business transactions is?
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