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  • My Essay Gives a Description of the Cost Principle, Revenue Recognition Principle, Matching Principle and All of Their Differences

     

    Essays2 Accounting, Record Keeping

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ID number:518451
Evaluation:
Published: 27.01.2004.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

Introduction:
Throughout this report I will explain the advantages, disadvantages and give examples of the Cost Principle, Matching Principle, as well as the Revenue Recognition principle, which are all Generally Accepted Accounting Principles used in today's financial world. Each of these individual principles is unique in their structure and purpose, and all have different applications in today's world of accounting. The Cost, Matching, and Revenue Recognition Principle's are all very different in the way they effect financial statements as well as other aspects of accounting.

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