Question
The accounting convention that states that every transaction has at least two effects on the accounting equation, so that after the transaction is processed the
The accounting convention that states that every transaction has at least two effects on the accounting equation, so that after the transaction is processed the equation remains in balance, is the:
-going concern/continuity convention.
-objectivity/reliability convention.
-dual aspect convention or duality convention.
-conservatism/prudence convention
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
