Profitability Principle
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Profitability Principle
Narrated by:
Bram B
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Narrated by:
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Bram B
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By:
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Bram B
About this listen
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.
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