Accounting Process and Principles - APP Notes

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Course: MCAGroup: Financial Accounting

Also Known as:Financial Accounting

Description:

These principles, which serve as the rules for accounting for financial transactions and preparing financial statements, are known as the “Generally Accepted Accounting Principles,” or GAAP. The application of the principles by accountants ensures that financial statements are both informative and reliable. - Accounting Process and Principles, APP Notes

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