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The financial entity basic principle is the strategy which the transactions of a company should be individual from All those of its homeowners and various firms.
Summarize the articles (one paragraph each). I'm not seeking a regurgitation of the report; but your impression of what the posting is indicating to you.
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The consistency principle is the concept that at the time an accounting principle or system is adopted by a corporation it should really continue on for use right until a much better principle is discovered.
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