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Principles of Accounting: Accounting principles means some guidelines to record the business transaction. Accounting principles are classified into Accounting concepts and Accounting conventions. Accounting concepts are the basic assumptions or …
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Accounting Accounting is a business language. It is used to record the business transactions in the books to know the profit. Accounting is defined as Recording, Classifying and Summarizing the …
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Business means regular purchasing and selling activities to earn profit. Daily there may be a number of transactions. Remembering all the transactions in mind is difficult. To overcome this problem …
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