WebImage transcription text. Match the accounting terms with the corresponding definitions. Accounting Term Definition 1. Specific identification 2. Materiality concept 3. Last-in, first-out (LIFO) 4. Conservatism 5. Consistency principle 6. Weighted-average 7. WebMar 10, 2024 · The following list includes some of the most common accounting terms and their meaning: 1. Accountant. An accountant is a person skilled in the recording and …
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