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Define accounting standards

Updated: 9/11/2023
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The radiation standards is very important to us in our daily lives!!!

The radiation standards is very important to us in our daily lives!!!

The radiation standards is very important to us in our daily lives!!!

The radiation standards is very important to us in our daily lives!!!

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Q: Define accounting standards
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Define book keeping and explain how it differs from accounting?

which is different from accounting,refers to the mechanical aspects off accounting, such as recording,classifying,and summarising transactions.bookkeeping is therefore a part off accounting....


Define the three components of the accounting equation?

The accounting equation is as follows: ASSETS = LIABILITIES + EQUITY


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The purpose of accounting is provide information to the users like investors ,financial institutions and to other clients. The four basic financial statements are balance sheet,income statement,cash flow,statement of retained earning.


Define accounting and principles of accounting?

Accounting is the process of communicating financial information about a business entity to users such as shareholders and managers. Accounting is defined by the American Institute of Certified Public Accountants (AICPA) as, "the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events, which are, in part at least, of financial character, and interpreting the results thereof." The principles of accounting are basically the rules and regulation set by a committee, in the U.S.A. these rules are set by the Financial Accounting Standards Board (FASB) and are referred to as Generally Accepted Accounting Principles (GAAP). In short the GAAP is a codification of how a business prepare and present their business income and expenses, assets, and liabilities on their financial statements.


Define debit and credit in accounting?

For P&L items Debit is what has gone and Credit is what is come. and for B/S items majorly Debits are our assets and Credits are our liabilities.

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Who choses the file extension?

These are set by the inventors of the software and extension is associated with, in conjunction with people who define computer standards and other software developers.These are set by the inventors of the software and extension is associated with, in conjunction with people who define computer standards and other software developers.These are set by the inventors of the software and extension is associated with, in conjunction with people who define computer standards and other software developers.These are set by the inventors of the software and extension is associated with, in conjunction with people who define computer standards and other software developers.These are set by the inventors of the software and extension is associated with, in conjunction with people who define computer standards and other software developers.These are set by the inventors of the software and extension is associated with, in conjunction with people who define computer standards and other software developers.These are set by the inventors of the software and extension is associated with, in conjunction with people who define computer standards and other software developers.These are set by the inventors of the software and extension is associated with, in conjunction with people who define computer standards and other software developers.These are set by the inventors of the software and extension is associated with, in conjunction with people who define computer standards and other software developers.These are set by the inventors of the software and extension is associated with, in conjunction with people who define computer standards and other software developers.These are set by the inventors of the software and extension is associated with, in conjunction with people who define computer standards and other software developers.


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How much does a person working in accounting earn?

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Define the three components of the accounting equation?

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How would you define ethics in your own words?

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