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Basics of Accounting Principles by isaac is a document available to read on EtoBox.

This lesson introduces the basics of accounting, including understanding the principles and concepts of accounting, the double entry system of accounting, and how financial statements are used. Accounting involves identifying, recording, summarizing, and reporting economic information to decision makers like suppliers, customers, employees, banks, owners, and others. There are three main types of accounts used in accounting: real accounts, personal accounts, and nominal accounts.

Author

isaac

Language

EN