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Self-recording is important in managing your own behavior because
Creditor
An individual or institution that lends money or extends credit to another party.
Accounting Assumption
Fundamental beliefs or principles that guide the preparation of financial statements, such as going concern, accrual basis, and consistency.
Integrity
The quality of being honest and having strong moral principles; moral uprightness.
Going Concern
An accounting principle that assumes a company will continue to operate and fulfill its obligations in the foreseeable future.
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