what does the word treatment mean in accounting?
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Answer 1 :
"Treatment" means application of applicable Accounting principles , weather its International Financial Reporting standards / US Gaap / UK Gaap / or local regulations governing the accountancy in country of jurisdiction For example : What is treatment of Expense ? Treatment : When expenses are incurred , they are debited and credit impact is taken on Cash / Bank / Payable . hope i have clarified enough.
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