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    Dual Aspect Concept

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    api-301025469
    The document shows a worked example of the dual aspect concept where the owner invested cash of $10,000 into the business. The cash account is debited for $10,000 with a reference to the capital account being credited. The capital account is then credited for $10,000 with a reference to debiting the cash account.

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    Dual Aspect Concept

    Uploaded by

    api-301025469
    54 views1 page
    The document shows a worked example of the dual aspect concept where the owner invested cash of $10,000 into the business. The cash account is debited for $10,000 with a reference to the capital account being credited. The capital account is then credited for $10,000 with a reference to debiting the cash account.

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    dual aspect concept

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    The document shows a worked example of the dual aspect concept where the owner invested cash of $10,000 into the business. The cash account is debited for $10,000 with a reference to the capital account being credited. The capital account is then credited for $10,000 with a reference to debiting the cash account.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    54 views1 page

    Dual Aspect Concept

    Uploaded by

    api-301025469
    The document shows a worked example of the dual aspect concept where the owner invested cash of $10,000 into the business. The cash account is debited for $10,000 with a reference to the capital account being credited. The capital account is then credited for $10,000 with a reference to debiting the cash account.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
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    Dual Aspect Concept

    2.4 Worked Example


    Cash A/c

    Capital A/c

    Capital A/c 10,000

    Cash A/c 10,000

    Credit
    Capital A/c
    Reference to Cash A/c

    Debit
    Cash A/c 10,000
    Reference Capital
    A/c

    10,000

    10,000

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