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Explain the key principles of double-entry bookkeeping

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Question 1) Identify and explain the key principles of double-entry bookkeeping and accrual accounting. Please note the principles should also include all conventions, policies and bases. (Please use references).

Question 2 ) Some accounting items are treated differently under tax legislation than under accounting standards. Outline the different treatments, options, methods and practices for recording and reporting expenses/deductions, benefits and depreciation. (Please use references).

Question 3) Identify and explain business legal requirements relating to delegated authorities, reporting periods and taxation payment timings. (Please use references).

Reference no: EM133179698

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