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"Principles of Accounting"
This free eBook explains all of the basic accounting concepts and terminology you will need to understand the three primary financial statements.
You will learn:
- The precise meaning of the essential accounting terms
- The purpose of the income statement, balance sheet and cash flow statement
- The differences between cash based and accrual based accounting
- The 'revenue recognition' principle and the 'matching' principle
- How depreciation, prepayments and bad debt are allowed for
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