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introduced to the subject of Accountancy in class 11. NOTE: cash at bank is never used in adjusting
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members or a few paid employees.
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introduction. Money measurement concept: As per the accounting conventions only those
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Chemistry - Some Basic Principles and Technique. Accrual concept: As per this concept revenue is
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Premium Already Premium. This is applicable to investors, creditors, employees, suppliers.
Consistency concept is important because of the need for comparability, that is, it enables investors.
Dual Aspect Concept, also known as Duality Principle, is a fundamental convention of accounting.
Fig. 3: Residual Lag plot, lowess, and regression line. If any entry gets debited, it will get credited
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