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What concept is the most basic concept to accounting?

Updated: 11/3/2022
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EncofBizandFinance

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13y ago

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idea is more basic to accounting than the accounting unit or entity, a term used to identify the organization for which the accounting service is to be provided and whose accounting or other information is to be analyzed, accumulated, and reported.

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Q: What concept is the most basic concept to accounting?
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