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Comparative examine - Accounting helps the businessmen to keep a scientific file which more helps them to match the results of the current 12 months with the final results of previous many years.
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This Accounting cycle includes 9 site significant steps. The initial step of the cycle is recording and the final move is presenting of history, also termed as accounting statements.
The consistency theory is the idea that as soon as an accounting theory or method is adopted by a corporation go to the website it need to carry on to be used right until an improved principle is located.
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