Examlex
All of the following pertain to nitrogenous bases except
Adjusting Entry
Adjusting entry is a journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.
Revenue Recognition
This is an accounting principle that outlines the specific conditions under which revenue is recognized and determines how to account for it.
IFRS
International Financial Reporting Standards, a set of accounting principles for preparing financial statements to ensure consistency and transparency globally.
GAAP
Generally Accepted Accounting Principles refer to the commonly applied rules and standards in financial reporting and accounting.
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