Dual Aspect Concept or Accounting Equivalence Concept

This is the basic concept of accounting. According to this concept, every financial transaction involves a two-folded aspect, (a)yielding of...

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GENERALLY ACCEPTED ACCOUNTING PRINCIPLES(GAAP) (CONCEPTS, CONVENTIONS AND POLICIES)

GENERALLY ACCEPTED ACCOUNTING PRINCIPLES(GAAP) (CONCEPTS, CONVENTIONS AND POLICIES) Accounting is the language of business. To make the lang...

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