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Accounting Principles: What They Are and How GAAP and IFRS Work
Accounting principles are the rules and guidelines that companies must follow when reporting financial data. The common set of U.S. accounting principles is the generally accepted accounting ...
https://www.investopedia.com/terms/a/accounting-principles.asp
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A List of the Four Accounting Principles | Bizfluent
Revenue Principle. The revenue principle states that revenue should be recorded at the time that it is earned, not at the time when payment is received. This prevents errors in accounting caused by delayed payments since any money still owed to the company is evident within the accounting ledger. The revenue principle also serves as the basis ...
https://bizfluent.com/info-8198272-list-four-accounting-principles.html
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Generally Accepted Accounting Principles (GAAP): Definition, Standards ...
Generally Accepted Accounting Principles - GAAP: Generally accepted accounting principles (GAAP) are a common set of accounting principles , standards and procedures that companies must follow ...
https://www.investopedia.com/terms/g/gaap.asp
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