Accounting Principles In A Crusher Unit In South Africa

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Basic Accounting Principles Business Environment 60 5 BASIC ACCOUNTING PRINCIPLES 5 0 INTRODUCTION We have studied economic activities which have been converted into business activities In business activity a lot of give & take exist which is known as transaction Transaction involves transfer of money or money s worth Thus exchange

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Introduction to GAAP Generally Accepted Accounting Principles GAAP is a set of globally accepted principles of accounting GAAP prescribes certain specified accounting principles definitions treatment of confusing entries and industry specific rules which ensure consistency in the financial and accounting statements of all organizations

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