Accounting Principles

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Accounting Principles

by: BannerDock, INC

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If everyone involved in the process of accounting followed their own system, or no system at all, there's be no way to truly tell whether a company was profitable or not. Most companies follow what are called generally accepted accounting principles, or GAAP, and there are huge tomes in libraries and bookstores devoted to just this one topic.

Tags: application of accounting principles on business growth

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