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Profitability Principle
- Narrated by: Bram B
- Length: 16 mins
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Profitability Principle
Narrated by:
Bram B
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Publisher's Summary
The principle of profitability is an accounting principle that states that revenues and expenses should be recognized in the period in which they are earned or incurred, rather than when the cash flows occur. This principle helps accurately reflect the financial performance of a business over a specific period.
©2024 Bram B (P)2024 Bram B
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