INTERVIEW QUESTIONS COMMON PROFICIENCY TEST (CPT) FUNDAMENTALS OF ACCOUNTING DETAILS

Question: Explain What are the events in Screen Programming?

Answer: (c) Decrease in one asset, decrease in other Description: Dual Aspect Concept is the core of double entry book keeping. Every transaction or event has two aspects:
1) Increase in one asset and decrease in other asset
2) Increase in one asset simultaneously increases liability.
3) Decrease in one asset, decrease in liability.
4) Decrease in one asset, decrease in liability. Hence, decrease in one asset and decrease in another asset does not satisfies the dual aspect concept.

(c) Decrease in one asset, decrease in other Description: Dual Aspect Concept is the core of double entry book keeping. Every transaction or event has two aspects:
1) Increase in one asset and decrease in other asset
2) Increase in one asset simultaneously increases liability.
3) Decrease in one asset, decrease in liability.
4) Decrease in one asset, decrease in liability. Hence, decrease in one asset and decrease in another asset does not satisfies the dual aspect concept. Source: CoolInterview.com

If you have the better answer, then send it to us. We will display your answer after the approval.

Rules to Post Answers in CoolInterview.com:-

• There should not be any Spelling Mistakes.
• There should not be any Gramatical Errors.
• Answers must not contain any bad words.
• Answers should not be the repeat of same answer, already approved.
• Answer should be complete in itself.

Name :*
Email Id :*
Answer :*
Verification Code	Not readable? Load New Code
Enter the above shown code: *
	Inform me about updated answers to this question