Three questions must be answered to decide upon the accounting for a specific transaction: 1. Recognition Does
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Three questions must be answered to decide upon the accounting for a specific transaction:
1. Recognition Does this transaction have to be included in the financial statements or in the balance sheet, i.e. does it result in an asset or a liability? That is the question of whether or not.
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Related Book For 
Financial Accounting Introduction To German GAAP With Exercises
ISBN: 9783110744125
2nd Edition
Authors: Nothhelfer, Robert
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