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General accountingprinciples consist of four basic principles, four assumptions, and two constraints: GAAP's building blocks. Between the measurement principle, the revenue recognition principle, the matching
General accountingprinciples consist of four basic principles, four assumptions, and two constraints: GAAP's building blocks. Between the measurement principle, the revenue recognition principle, the matching principle, the full disclosure principle, the going concern assumption, the monetary unit assumption, the time period assumption, the business entity assumption, the materiality constraint, and the cost-benefit constraint which one of these ten general accounting principles is the most important and why.
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