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What are the Basic Accounting Principles? Basic Generally Accepted Accounting Principles (GAAP).

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Accounting Principles There are general principles that are used in accounting to govern the accounting process. Accounting principles provide a framework for the accountants on which they make their decisions. Generally Accepted Accounting Principles (GAAP) provides the foundation to accounting professionals about rules and regulations to adapt while creating financial statements. These Accounting principles are explained under. Economic Entity Concept:                                                                    This Accounting principle states that the owner and business are two separate entities and deals with their own names. The liability...
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TOP 5 BEST BLOGGING TOOLS FOR BEGINNERS

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If you are using a blogger for a while and even can’t get enough from it then this post is for you. Remember this, A great thing behind successful bloggers today is that they work hard and use time-saving blogging tools. TOP 5 BEST BLOGGING TOOLS FOR BEGINNERS Are you looking for blogging tools for beginners? You are the right place then. This is my first blog and in this blog, I will discuss almost all of them that help out in my beginning. Now let begin the article formally Blogging  CANVA So it is a must thing that you want your blog to look visually appealing, CANVA makes it easier for you. You Can Create a Free logo, posters, banners and almost all that you expect from an advance level user of a digital designer. There are hundreds of free templates available at Canva Which Are 100% Customizable.  One of the most important things in CANVA success is that their templates are eye-catching which Appeals Audience. https://www.canva...
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What Is Accounting? Types Of Accounting.

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Languages are used in the world since the beginning of Life on Earth and a medium is used to communicate among people which is called Language. Different languages are used in different parts of the word to communicate among peoples. Some of the most commons are English, Spanish, French, Hindi, and Arabic, etc. These all are used to communicate between different group of peoples those who understand them.                                 Likewise, there is a language that is used for the communication of business activity and which is called Accounting. Therefore Accounting is a business language that is used to record and analyze business transactions. “It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm’s assets,...
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