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Huntsman school of business at utah state university. Accounting book pdf principles, bookkeeping, statements. The dual aspect concept is the basis of the double entry book keeping. The income statement accounts are known as temporary or nominal accounts since these accounts are closed at the end of the accounting year. Accrual is concerned with expected future cash receipts and payments. Accounting attempts to recognize noncash events and. Final accounts lecture 1 by cacma santosh kumar free download chapter pdf from description duration.
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