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The concept which underlines double entry bookkeeping is

Accounts - Principles of Accounts
WAEC 2023

The concept which underlines double entry bookkeeping is

  • A. money measurement concept
  • B. historical cost concept
  • C. accrual concept
  • D. duality concept
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Correct Answer: Option D
Explanation

Dual aspect concept ensures the mathematical accuracy of all records. It states that there are two aspects of accounting: one debit and one credit.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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