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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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What are the Elements of Accounting?

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WHAT ARE THE ELEMENTS OF ACCOUNTING? No one can imagine running a business without being familiar with accounting. An Accounts department is always present in a business organization that is responsible for all financial tasks. An accountant sitting in accountant post then must familiar with basic of accounting                                      In this article, I will discuss five elements of Accounting that every accountant must know. Assets Liabilities Expense Revenue Equity ASSETS                       Assets are the resources of a business which keeps by the business for a particular period and which are expected to be beneficial in the future operations of a business. For example, A manufacturing company buys a manufacturing plant for manufacturing its products. This is its assets which purchased for a specific pe...
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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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