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The 4 phases of accounting and their meaning?

four phases of accounting and their meaning


Meaning of Loyal?

Faithful to law; upholding the lawful authority; faithful and true to the lawful government; faithful to the prince or sovereign to whom one is subject; unswerving in allegiance., True to any person or persons to whom one owes fidelity, especially as a wife to her husband, lovers to each other, and friend to friend; constant; faithful to a cause or a principle.


What is Error of principle in accounting?

An accounting mistake in which an entry is recorded in the incorrect account, violating the fundamental principles of accounting. An error of principle is a procedural error, meaning that the value recorded was the correct value but placed incorrectly. For example, a company may record personal expenses as business expenses. An error of principle is different than failing to record the item in question ("error of omission"), or recording the wrong value in the correct account ("error of commission"). These errors are referred to as input errors.


Who is the person that established the double entry principle of accounting?

luca Pacioli, an Italian monk and mathematician, laid the basic foundations for the doule entry principle of accounting. This was in his book titled, 'Summa de arithmetical, geometria, proportioni et proportionalita' meaning, 'Everything about arithmetic, geometry and proportion.' It was published in 1494.


What is the meaning of F in friend?

Faithful


What is the meaning of feal?

Faithful; loyal.


What is the elective principle?

elective principle meaning


What are the different type of ledgers in accounting and its meaning?

what are different types of accounting what are different types of accounting


What are the 4 phases accounting and meaning?

There are 4 phases of accounting as follows:RecordingClassifyingSummarizingInterpration


What was the meaning of taxation without representation?

Getting taxed without your representation.


What is substance over form in accounting terms?

is a principal of accounting meaning means fully covered accounting satatements.


What is the meaning of accounting education?

Accounting education is the what you learn about accounting. You can either go to school or learn the information at your job.