A two-component syringe is provided with a valve assembly having a common inlet/outlet, the valve assembly being designed to selectively close the containers of the syringe or allow a liquid from the outside to be aspirated into one of the containers via the common inlet/outlet or connect the two containers to each other or allow a mixture to be dispensed through the common inlet/outlet. This valve assembly is composed of a valve body provided with a sealing disk having channels that are arranged such that the connections are established or interrupted when the valve body is rotated. The design of such a valve assembly is simple and cost-efficient, and it allows aspirating liquids into a container and transferring them to another container that holds a powder as well as dispensing multicomponent liquids or pastes efficiently and with minimum pressure and volume losses.