Broad Concepts or Guidelines and Detailed Practices, Including All Conventions

question 153

Short Answer

Broad concepts or guidelines and detailed practices, including all conventions, rules,
and procedures that together make up accepted accounting practice at a given time

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Definitions:

White Bear

A phenomenon where the more you try to avoid thinking about something, the more that thought enters your mind.

Leo Tolstoy

A renowned Russian author, known for his novels "War and Peace" and "Anna Karenina," and his philosophical essays on nonviolent resistance.

Prime

In a mathematical context, a prime number is a natural number greater than 1 that has no positive divisors other than 1 and itself.

Further Processing

The additional analysis, treatment, or refinement that materials, information, or ideas undergo after initial handling.