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Accounting Theory
Accounting theory involves the set of broad principles that are used to provide a framework for the evaluation and development of sound accounting practices.
Concepts
Fundamental ideas or principles that form the basis of reasoning, action, or the way people understand various fields or disciplines.
Ethical Dilemma
A situation where a person faces a choice between two or more conflicting ethical principles, making it challenging to decide the right course of action.
Principal Elements
Pertains to the fundamental components or ingredients necessary for a system or structure to function.
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