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THE CONCEPTUAL FRAMEWORK: DEVELOPMENT, THEORIES AND ACCOUNTING POSTULATES.…
THE CONCEPTUAL FRAMEWORK: DEVELOPMENT, THEORIES AND ACCOUNTING POSTULATES.
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POSTULATE & THEORY
OBJECTIVES OF ACCOUNTING: Depends on resolving the conflict interest that exist in the information market
ACCOUNTING POSTULATES: Self-evident statements or axioms, generally accepted by virtue of their conformity to the objectives of financial statements, that potray conomic, political and so forth
THEORETICAL CONCEPTS OF ACCOUNTING: That portray the nature of accounting entities operating in a free economy characterized by private ownership of property.
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