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What Is National Financial Literacy Month?

Prairie Eco-Thrifter

On March 28, 2012 the Senate passed Resolution 409 that officially recognized April as National Financial Literacy Month. Well according to the bill’s sponsors, in the resolution presented to and passed by the 112 th Congress this March, we have a lot of issues to solve. Why do we need it?

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Accounting Principles: Basic Definitions, Why They’re Important

Savings Corner

Of course, the accountant or auditor is free to come to a different conclusion if there’s evidence that the business can’t pay back its loan or meet other obligations. Economic entity assumption This accounting principle states that you should avoid commingling business and personal funds.