Question: Accounting Concepts There are some basic principles that guides how accounting information is reflected in the financial statements. To help you understand why some accounting

Accounting Concepts

There are some basic principles that guides how accounting information is reflected in the financial statements. To help you understand why some accounting information is reported a certain way in show your understanding. Please do not copy a definition and repeat if back to me without any comprehension of the meaning:

The Economic Entity Concept

The Cost Principal

Matching Principal

Revenue Recognition Principles

Full Disclosure Principle

NO COPY PASTE, NEED ONLY ORIGINAL WORK

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