SAMPLING RISK Definition

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SAMPLING RISK is the possibility that conclusions drawn from the sample may not represent correct conclusions for the entire population.

Learn new Accounting Terms

BAY, in business / accounting, means Buy Another Yearly.

BASIC TENETS OF ACCOUNTING is four in number: 1. Assets = Liabilities + Owners Equity, 2. Debits = Credits, 3. Assets are on the left (debit side), and, 4. Liabilities and Equity are on the right (credit side).

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