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Accounting principles

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Initially, many countries developed their own accounting standards. All these standards were different from others in a way that each had a different approach, such as tax-oriented, principle-based, business-oriented, rules-based, and more. However, with globalization, the need was felt to unify all different standards. Or, to harmonize different accounting standards.

Initially, many countries developed their own accounting standards. All these standards were different from others in a way that each had a different approach, such as tax-oriented, principle-based, business-oriented, rules-based, and more. However, with globalization, the need was felt to unify all different standards. Or, to harmonize different accounting standards.

This Pin summarizes 9 Steps of The Accounting Cycle.  For detailed explanation refer to our post Instagram Post "The Accounting Cycle".    LIKE & SHARE our Content!!   Follow us on:   Instagram: @the.whiteboard_   Youtube: The WHITEBOARD   Facebook: The WHITEBOARD   DM or Comment for questions/queries.    #accounting #accountants #academic #education #igcse #teaching #learnonline #onlinelectures #olevel #alevel #acca #icaew #mba #bba #msc #postgraduate

This Pin summarizes 9 Steps of The Accounting Cycle. For detailed explanation refer to our post Instagram Post "The Accounting Cycle". LIKE & SHARE our Content!! Follow us on: Instagram: @the.whiteboard_ Youtube: The WHITEBOARD Facebook: The WHITEBOARD DM or Comment for questions/queries. #accounting #accountants #academic #education #igcse #teaching #learnonline #onlinelectures #olevel #alevel #acca #icaew #mba #bba #msc #postgraduate

What are accounting ratios? Definition and examples - Market Business News

Accounting ratios (financial ratios) are calculated within a firms financial statement to see how profitable it is, and whether it can pay off its debts.

Debit vs Credit in Accounting

In this world, all the accounting software use debit and credit tools of accounting system. To know the debit and credit and their difference is necessary to pass correct journal entries in the your accounting software. If you still do not know the difference between debit and credit, there is chance of mistake of wrong debit or credit to any account. Due to this, your accounting statement will not show true financial results. So, today, we are trying to teach the differences between debit…