The Two Main Accounting Principles Used in the Adjusting Process

question 175

True/False

The two main accounting principles used in the adjusting process are matching and full disclosure.

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Definitions:

TRICARE for Life

A healthcare program providing expanded health coverage for U.S. military retirees and their eligible beneficiaries.

TRICARE

TRICARE is a health care program of the United States Department of Defense Military Health System providing health benefits to military personnel, retirees, and their dependents.

Health Insurance Plan

An insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons.

TRICARE for Life

A healthcare program for U.S. military retirees and their dependents, providing Medicare-wraparound coverage.