Duality or Double entry accounting concept represents the two sides of a single transaction. The law of entire business circumnavigates around only on mutual agreement sharing policy between the players.

The entire idea of business is predominantly conducted on mutual agreement between the parties from one occasion to another. This is being denominated into two different sides of accounting i.e. Debit and Credit. Therefore, Every debit transaction is appropriately compensated with the credit transaction.

For example: The total funds raised by the firm is equated to the total investments.


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