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Flashcards - Introduction to Accounting

Flashcards - Introduction to Accounting
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consistent
In classical deductive logic, a consistent theory is one that does not contain a contradiction
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accounting
Accounting or accountancy is the measurement, processing and communication of financial information about economic entities such as businesses and corporations
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4 cards in set
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accounting
Accounting or accountancy is the measurement, processing and communication of financial information about economic entities such as businesses and corporations
consistent
In classical deductive logic, a consistent theory is one that does not contain a contradiction
ethics
Ethics or moral philosophy is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct
matching principle
In accrual accounting, the matching principle states that expenses should be recorded during the period in which they are incurred, regardless of when the transfer of cash occurs

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