Answer to Question #317484 in Microeconomics for Doscal

Question

Discuss using practical example to explain how the concept of dualism

increases the liability of a business with respect to capital raised

Answer 1

Answer.

Dual concept in accounting is an aspect that tend to suggest the entry of double business transactions when time for preparing accounting or finance reports are needed.With it, every transaction is recorded thereby increasing the liability of a business with respect to total capital raised.