Describe the accounting principle which explains losses are assets, and profits and capital are liabilities for a
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Describe the accounting principle which explains losses are assets, and profits and capital are liabilities for a business firm.
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The accounting principle that explains losses as assets and profits and capital as liabilities for a business firm is known as the Accounting Equation ...View the full answer
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Related Book For 
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
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