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Introduction to Accounting Principles: Accounting Standards, GAAP, and IFRS

The principles of accounting help in maintaining consistent and uniform accounts. Every body of accounting follows a set of rules and principles which are accepted by accounting professionals. Three most common accounting principles are AS, GAAP, and IFRS. An overview of these principles has been elaborated below. The following topics have been discussed in this … Read moreIntroduction to Accounting Principles: Accounting Standards, GAAP, and IFRS