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The Better to Principle of Economic Entity

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Amar Kumar
The Better to Principle of Economic Entity

In a company or organization, many rules and regulations are made to govern that company or organization. They are called Basic Accounting Principles and Guidelines which are legalistic sub-accounting rules.

The best in the United States, set of accounting rules that are the financial Accounting Standards Board (FASB). Standardized for the manager are known as Generally Accepted Accounting Principles(GAAP) for local trade.

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Amar Kumar
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