Examlex
An instrument that will come into contact with only the skin of a patient should be disinfected with a(n)
GAAP
Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction.
Reliability
In accounting, it refers to the accuracy and consistency of financial reporting, ensuring that information faithfully represents the entity's financial condition.
Materiality Constraint
An accounting principle that permits ignoring rules following the generally accepted accounting principles (GAAP) if the impact of adhering to them is so insignificant that it would not affect the decision-making process of someone reading the financial statements.
Unusual Gain
Gains that are not expected to recur frequently or regularly, arising from events not considered part of the ordinary activities of a business.
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