COMMON LAW is an unwritten body of law based on general custom in England; it is used to some extent in the United States.
GOLDEN RULES OF ACCOUNTING are: 1. Debits ALWAYS EQUAL Credits; 2. Increases DO NOT NECESSARILY EQUAL Decreases; and, 3. Assets - Liabilities = Owners Equity (The Accounting Equation).
STABLE MONETARY UNIT CONCEPT allows accountants to ignore the effect of inflation in the accounting records.
Enter a term, then click the entry you would like to view.