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What are the principle of accounting?

In: Business Accounting and Bookkeeping [Edit categories]

Answer:

The basic principle of accounting is to identify, record, and communicate financial transactions. The simple form of the basic accounting equation is assets equals liabilities plus equity (be it common stock, shareholders equity, partners capital accounts, etc)

First answer by ID1135042201. Last edit by ID1135042201. Question popularity: 1 [recommend question].

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