Concept:Double entry bookkeeping records every transaction in two aspects: a debit and a credit.
This idea is formally called the duality concept.
Explanation:Every business transaction gives and receives value.
For each transaction, one account is debited and another account is credited.
These two entries are always equal in amount,
so the accounting equation remains balanced:
Assets=Liabilities+Owner’s EquityThe dual aspect of every transaction is the foundation of double entry bookkeeping.
It ensures that the books are mathematically accurate and complete.
The money measurement concept deals with recording only money-related items.
The historical cost concept records assets at their original cost.
The accrual concept records income and expenses when they are earned or incurred.
Only the duality concept matches the principle of double entry.
Answer:D. duality concept