MATSEC IM Accounting Practice Questions - Malta Intermediate Matriculation (IM) Accounting - IM 01 (2026) Exam

The dual aspect concept means that:

Every transaction has equal debit and credit effects so that the accounting equation remains in balance Only cash transactions are recorded twice in the cash book Assets must always equal drawings Profit is calculated twice each year under two different systems

Correct Answer:

Every transaction has equal debit and credit effects so that the accounting equation remains in balance

Access more questions from this quiz

Continue to MATSEC IM Accounting Practice Questions - Malta Intermediate Matriculation (IM) Accounting - IM 01 (2026) Exam for more practice questions and the full quiz experience.

Access More Questions