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New Step by Step Map For accounting

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Its benchmarks are determined by double-entry accounting, a method in which each accounting transaction is entered as the two a debit and credit in two independent general ledger accounts that should roll up in the stability sheet and profits assertion. Publicly traded domestic corporations are necessary to adhere to GAAP https://byddolphin93703.blogocial.com/details-fiction-and-accept-annual-accounting-69151623

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