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Identify the Accounting Principle which states that there are two aspects of accounting, one represents the assets and the other represents the claims against
Identify the Accounting Principle which states that there are two aspects of accounting, one represents the assets and the other represents the claims against assets. a. Dual Aspect b. Full Disclosure c. Matching d. Revenue Realization Question 2 Not yet answered Marked out of 1 Flag question Calculate the Liability of the business from the following information. Capital OMR 22,000 Building OMR 16,000 Cash OMR 4,400 Equipment OMR 7,100 Prepaid Rent OMR 900 Supplies OMR 440 a. OMR 6,840 Ob. None of these c. OMR 5,940 Od. OMR 28,840 Question 3 Not yet answered Marked out of 1 Flag question The balances of accounts that re reported in the financial statements are called as: a. Trial Balance b. Nil Balance O c. None of these d. Ending balances
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