Generally Accepted Accounting Principles (GAAP)

Generally Accepted Accounting Principles (GAAP)

Generally Accepted Accounting Principles (GAAP) Generally Accepted Accounting Principles (GAAP) are the ‘ground rules,’ which are the principles for preparing financial statements. These are always changing. These include accounting ideas, measuring methodologies, and financial statement presentation standards. These Accounting Principles allow for the comparison of multiple organizations as well as the operational performance of the …

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Working Capital

Working Capital

Working Capital Definition of Working Capital: The word working capital refers to the amount of capital that a company has readily available. That is, working capital is the difference between cash or quickly convertible into cash resources (Current Assets) and organizational obligations for which cash will be required shortly (Current Liabilities). Current assets are resources …

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Definite and Indefinite Articles

Definite and Indefinite Articles

Definite and Indefinite Articles Definition: A word that indicates the generalization or specification of a noun is called an article. There are three articles a, an, and the. Kinds of Articles There are two kinds of articles. Indefinite articles: “a”and “an” Definite article: “the” Indefinite Articles A and An: A or AN: Only for singular …

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