Identify and Explain the Five Fundamental Principles That Form the Basis

question 87

Essay

Identify and explain the five fundamental principles that form the basis of accounting standards in United States.

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Definitions:

Layer 3

In the context of networking, refers to the third layer of the OSI model - the network layer - responsible for packet forwarding, including routing through intermediate routers.

Layer 2

In networking, this refers to the data link layer of the OSI model, which is responsible for node-to-node data transfer and detecting errors in the physical layer.

Ensures Delivery

Refers to mechanisms or protocols that guarantee the arrival of data packets from sender to receiver in computing and networking.

TCP

Transmission Control Protocol, a core protocol of the Internet Protocol Suite, ensures reliable, ordered delivery of a stream of bytes from a program on one computer to another.