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Basic Financial Accounting Notes
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- “Accounting principles are a body of doctrines commonly associated with the theory and procedures of accounting serving as an explanation of current practices and as a guide for selection of conventions or procedures where alternatives exists.” Accounting principles must satisfy the following conditions: 1.
- Have a better understanding of accounting terminology. Understand the general characteristics of a partnership and the importance of each one. Be able to calculate the division of profits, prepare the proper journal entries, and prepare the financial statements for a partnership.
Financial Accounting 2 Lecture Notes Pdf File
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