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Accountingvocabulary
terms
| Question | Answer |
|---|---|
| Accounting | An information and measurement system that identifies, records, and communicates an organization's business activites. |
| calculator | small device used to calculate math problems |
| measurement principle | cost principle |
| objectivity | supported by unbiased evidence |
| qualitative characteristics | to require information that has relevance and faithful representation |
| elements | to define items in financial statements |