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What is Accounting Principles and Concepts Explained about?

The document discusses accounting principles and concepts. It defines Generally Accepted Accounting Principles (GAAP) and explains that they comprise a set of rules, concepts and guidelines used in financial accounting reports. It then describes several important accounting concepts in detail, including the business entity concept, going concern concept, money measurement concept, cost concept, dual aspect concept, accounting period concept, and matching concept.

Author

Anonymous 3yqNzCxtTz

Language

EN