Most companies in other countries, however, do not use the standards as determined by FASB but rather use the accounting principles issued by the International Accounting Standards (IAS).

If you're just starting your small business, here are three basic accounting principles you should know and some suggestions ...

Accounting for Partnership Basic Concepts Class 12 Notes: In this article, students can find accounting for Partnership Basic Concepts class 12 notes along with a PDF downloadable link.