GAAP: What It Is and Why Your Investors Expect It
inDinero Accounting
JUNE 29, 2023
Non-compensation : accountants should not expect additional compensation for doing their work. Prudence : accountants should not allow future potentialities to influence fact-based financial reporting. More Examples of Accrual Accounting Two examples of accrual accounting are accrued salaries and wages and accrued payroll taxes.
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