Skip to main content
Fundamental Principles Of Accounting
distinct = different
partnership = a business or firm owned and run by two or more partners
sole proprietorship = a business or firm owned and run by only one person
corporation = a large company or group of companies that is controlled together as a single organization
verifiable = it can be checked and proved
accurate = correct in all details
unbiased = showing no prejudice for or against something
withheld = removed back
relevance = how important or useful something is to a situation
disclosure = giving people new or secret information