Dominant portfolio and Duality principle: Difference between pages
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'' | 1. ''Bookkeeping and accounting''. | ||
The dual aspect principle that every accounting transaction affects two accounts. | |||
Therefore the balance sheet should always remain in balance. | |||
2. ''Internal controls''. | |||
In risk management and governance, duality is the organisational principle that any process capable of generating a significant impact or loss should be subject to independent review. | |||
== See also == | == See also == | ||
* [[ | * [[Bookkeeping]] | ||
* [[Double entry]] | |||
* [[Duality]] | |||
* [[Four eyes]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
Revision as of 17:00, 19 April 2019
1. Bookkeeping and accounting.
The dual aspect principle that every accounting transaction affects two accounts.
Therefore the balance sheet should always remain in balance.
2. Internal controls.
In risk management and governance, duality is the organisational principle that any process capable of generating a significant impact or loss should be subject to independent review.
