Please answer the Exercise 2.24 and 2.25 with your detailed explanations, it's much appreciated!

24 Complete the following statement. In the general ledger, for every debit entry there is a corresponding credit entry. This is relevant to the concept of accounting. 25 A company has two bank accounts with different banks. When preparing the financial statements, the bank account with a debit balance in the bank general ledger account is listed under currents assets in the statement of financial position. The bank account with a credit balance in the bank general ledger account is listed under current liabilities in the statement of financial position. Which accounting concept requires the bank accounts described above to be presented in the statement of financial position under current assets and current liabilities? The accounting concept is |