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Describe the generally accepted accounting principles

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Reference no: EM132377452

Assignment: Instructions: Search the course textbook, other accounting textbooks, or the web for a brief and concise definition of each of the following terms.

Accounting

Assets

Liabilities

Owners' equity

Generally Accepted Accounting Principles

Accrual basis

Revenues

Expenses

Professional ethics

Basic accounting equation

Transactions

Financial statements

Please use Apa Style and References, avoid plagiarism.

Reference no: EM132377452

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