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 OJAcct  Vol.2 No.1 , January 2013
Tutorial Accounting Fundamentals: A New Look of British and American Accounting System
Nousheen Tariq Bhutta*, Syed Zulfiqar Ali Shah
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Abstract: This paper aims to highlight the perception of graduate and undergraduate students regarding accounting fundamentals across British system and American system. The design of this paper is to derive a unique model which proves the both approaches are in same sense however, they are framed differently. Moreover, it provides a good justification of basic questions like why income and expense are treated as credit side and debit side of trading profit and lossaccount, respectively. Ultimately, it helps educators/instructors in influencing the perceptions of their students with regard to different accounting systems.
Keywords: Accounting Fundamentals; American Accounting; British Accounting; Students’ Perceptions
Cite this paper: N. Bhutta and S. Shah, "Tutorial Accounting Fundamentals: A New Look of British and American Accounting System," Open Journal of Accounting, Vol. 2 No. 1, 2013, pp. 16-18. doi: 10.4236/ojacct.2013.21004.
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