THE DUAL ASPECT CONCEPT One is the assets of the business and the other the claims against them. In other words Assets = Capital + Liabilities Double entry is the name given to the method of recording the transactions so that the dual aspect concept is upheld. By Catalin|2022-06-22T05:23:39+00:00June 22, 2022|Concepts and Conventions|0 Comments Share This Story, Choose Your Platform! FacebookTwitterRedditLinkedInWhatsAppTelegramTumblrPinterestVkXingEmail About the Author: Catalin Leave A Comment Cancel replyComment Save my name, email, and website in this browser for the next time I comment. Notify me of new posts by email.