ACC 290 Commercial and Generally Accepted Accounting Principles

May 1st, 2015
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Individual SummaryACC 290ACC 290 Commercial and Generally Accepted Accounting PrinciplesCommercial accounting is any type of financial account that is owned and used by a business or corporation. It is an accurate reflection of business transacted that can only be obtained if both cash and credit transactions are recorded in such a manner that there is no duplication and yet are completely recorded. This is also done in a system known as double entry book keeping which records both aspects of transactions. It records credit transactions in cash accounting date of receipt. In commercia

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