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  2. Accounting principle

    Definition: The economic entity assumption is an accounting principle that states that all transactional data associated with a specific entity is assumed to be clearly attributed to the entity, and does not include other transactional data associated with the entity’s owners or business partners.
    www.myaccountingcourse.com/accounting-dictionary/economic-entity-assumption
    www.myaccountingcourse.com/accounting-dictionary/economic-entity-assumption
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