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QUESTION

You are the CEO of a newly incorporated retail fi

You are the CEO of a newly incorporated retail firm that will sell DKNY® and Tommy Hilfiger® along with other designer clothing. Your job is to set up an accounting information system to maintain appropriate records needed in the eventual preparation of financial statements. Certain principles should be followed in the development of an accounting information system. Identify and explain each of the principles.

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  • aenviasa
    aenviasa
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    ANSWER
    Tutor has posted answer for $10.00. See answer's preview

    ***** ******* ********** ****** **** *** operations of * ******** **** continue **** *********** ****** *** therefore *** the business ********* ****** be **** ** ***** of *** future

    Accounting

    ****** cycle:the ******** ** a business is * ***** concern *** ** ********** **** ******* periods ****** ********* ********** ******* ***

    ********

    *************** ********* ******* that *** ******** ** * separate legal ****** ******** **** its ****** and ******** *** ********* the ********* ******* *** ******** *** ******** *********** *** *****

    ***********

    *********** *********** ***** cannot ** quantified ** monetary ***** ****** ******* to ** ******** ************ ******* ********** states

    ****

    revenue and ****** ** ********** *** ******** **** **** are incurred *** not **** **** *** paid **** Matching **************** and ********

    **

    a ******* accounting ***** **** ** ****** together *************** ********* states ****** be

    ********

    *** presented ***** ******* procedures and ********** consistently for comparison **** time *** **** ******* ********** in *** **** ********

  • Elite2
    Elite2
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    ANSWER
    Tutor has posted answer for $10.00. See answer's preview

    *** ACCOUNTING PRINCIPLE *****

    Click here to download attached files:

    ACCOUNTING PRINCIPLE PAPER.docx

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