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Related Definitions
Generally accepted accounting principles (GAAP) Generally Accepted Accounting Principles (GAAP) is a well renowned financial reporting set of accounting standards. They serve as the foundation...
Errors of Principles Errors of principles refers such errors arise when the entries are not recorded according to the fundamental principles of accountancy,
Fundamental principles of auditing By fundamental principles of auditing we mean the chief rule and principles according to which the books of account of a business
Principles of management Fundamental rules of management that could be applied in all organizational situations and taught in schools, is called principles of management.
Principles of internal control The principles of internal control are: establishment of responsibility; segregation of duties; documentation procedures; physical, mechanical, and electronic controls...
Cost Principles The cost principles, also known as the historical cost principle is one of the basic underlying guidelines in accounting, dedicates that companies record assets at their cost.
Leader's Principles A leader’s fundamental personal standards that guide her sense of honesty, integrity and ethical behavior.