Multiple choice

Every Business Transactions having

  1. One Aspects

  2. Three Aspects

  3. Two Aspets

  4. None
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Every business transaction under double entry system has two aspects - debit and credit. This dual aspect principle ensures that every transaction affects at least two accounts, keeping the accounting equation balanced. Single or three-aspect transactions don't exist in standard accounting.

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