What are 5 Fundamentals of Accounting | maijson GKB.
There are 5 Top Fundamentals of Accounting. - Revenue Recognition Principles - Cost Principles - Matching Principles - Full Disclosure Principles - Objectivity Principles 1 . Revenue Recognition Principle : This principle states that revenue should be recognized in the accounting period that it was realizable or earned. So, revenue is recorded when products or services are rendered. This is important because stakeholders need to know the true financial position of the company so they can make more informed decision...
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