Fundamental Accounting Principles Study Set 5
Quiz 1: Accounting in Business
______________ Is the Area of Accounting Aimed at Serving External
______________ is the area of accounting aimed at serving external users.
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_________ are beliefs that separate right from wrong.
The assumption that requires that a business be accounted for separately from its owners is the __________________ assumption.
The _______________ assumption requires that financial information is supported by independent, unbiased evidence.
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