1 point According to concept, transactions are recognised and recorded when they are occurred regardless whether they have been paid/received. * Duality Accruals Going concern Historical Cost 1 point A transaction in a business will have dual (two) effect that is the effect of debit and credit. This is underlying assumption of ?* Duality Accruals Going concern Historical Cost Zauraa Vision Enterprise bought a second-hand machine with the valued of 1 point RM10,000 in the year 2019. At the current accounting period, which is year 2021, the cost of the van is recorded as RM10,000 even though the current market value is RM3,500. Which accounting concept was applied to the above case? Duality Accruals Going concern Historical Cost