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DanielloydIdentify basic accounting principles as they apply to the ambulatory setting.
Define basic accounting terms and concepts.
State the basic accounting equation.
Defining Terms Instructions:
Explain the following accounting and Generally Accepted Accounting Principle terms and provide an example of how they relate to the health care accounting field: accounting equation asset liability net assets In addition, explain the following generally accepted accounting principles and provide examples of how they relate to the health care accounting field: going concern conservatism matching cost objective evidence materiality consistency full disclosure
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