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accounting standard

n.
1.a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions

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    Idiom of the Day

    bird in hand is worth two in the bush
    something that you already have is better than something that you might get
    A bird in hand is worth two in the bush so we decided to sell the car rather than wait to get a higher price.



    1.
    One of the fashionable ways of saying you've been sacked is to say that your company is ________ sizing but you've still lost your job.

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