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https://doi.org/10.1007/978-3-476-05238-4g principles is a statutory requirement. Various essential accounting principles include economic entity, monetary unit, going concern, time period, accrual, matching, revenue generation, dual aspect, cost, objectivity, consistency, conservatism, full disclosure, materiality, and reliability principle.

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General Accounting Principlesg principles is a statutory requirement. Various essential accounting principles include economic entity, monetary unit, going concern, time period, accrual, matching, revenue generation, dual aspect, cost, objectivity, consistency, conservatism, full disclosure, materiality, and reliability principle.

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