Accounting concepts are the basic assumptions, rules of procedure, and also crucial features that compose the framework for the construction of bookkeeping economic statements. Long ago, I was perplexed to discover that there was no "set" of accountancy concepts that was provided in one type such as you might discover in the Expense of Civil liberties. This is not to state that the principles are insufficient or vague, it only means that the meanings of audit principles can be p
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