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Revenue Recognition Principle
An accounting principle that dictates the specific conditions under which revenue is recognized or recorded in the accounts.
Accounting Principle
Accounting principles are the rules and guidelines that companies must follow when reporting financial data, ensuring accuracy, consistency, and fairness in financial reporting.
Limited Liability Company
A legal form of business organization that combines elements of a corporation and a partnership or sole proprietorship, limiting the owners' personal liability.
Double Taxation
The imposition of two or more taxes on the same income, asset, or financial transaction, often seen in corporate dividends.
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