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Term of the Day
accounting system
adjusting entry
consistency principle
Definition
The methods and procedures that are used in
recording
and reporting events and
transactions
in a formal
record
.
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Popular 'Accounting' Terms
current ratio
equity
working capital
asset
EBITDA
revenue
net income
negotiable
net profit
net worth
Related Terms
social audit
double budget
adjusting entry
consistency principle
lagged reserves
concentration bank
Costing System
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