Concepts and Principles of Accounting

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Added on 2022/11/24

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AI Summary

This article discusses the key concepts and principles of accounting as per Generally Accepted Accounting Principles (GAAP). It covers principles such as conservatism, consistency, cost, economic entity, full disclosure, and more. The article also highlights the importance of following these principles in maintaining accurate financial records and making informed business decisions.

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Concepts and Principles of Accounting

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