Which of the following concepts recognizes the principle of double entry?

Explanation

Dual aspect concept states that every transaction has two sides: a debit and a credit. This is the foundation of double-entry bookkeeping. Every transaction affects at least two accounts.

Accrual concept deals with timing of income and expenses. Business entity separates business from owner. Going concern assumes the business will continue operating. None of these address double entries.

Key word: Dual means two. Dual aspect = two sides to every transaction.