NSSCAS Accounting (8244) Practice Questions - Namibia Senior Secondary Certificate Advanced Subsidiary Accounting (Syllabus 8244) Exam

According to the dual aspect principle in NSSCAS Accounting, every transaction:

Affects only one side of the accounting equation Has two equal and opposite effects that keep the accounting equation in balance Is recorded only in the cash book Increases capital and decreases liabilities by the same amount

Correct Answer:

Has two equal and opposite effects that keep the accounting equation in balance

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