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Accounting principles

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"I don't need to know accounting principles because my business is a sole proprietorship." Comment on this statement.

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The response helps in guiding about accounting principles.

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"I don't need to know accounting principles because my business is a sole proprietorship." Comment on this statement.

Sole Proprietorship is an organization owned by single person. There are general rules and concepts that govern the field of accounting. These general rules-referred to as basic accounting principles and guidelines-form the groundwork on which more detailed, complicated, and legalistic ...

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