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Accounting principles for small business owners quickbooks. Basic accounting principles business environment 64 the results disclosed in the financial statements will be uniform and comparable. Accounting basics, part 1 free bookkeeping lessons. Doubleentry bookkeeping doubleentry bookkeeping underpins accounting a way of systematically recording the financial transactions of a company so that each transaction is recorded twice. The main objectives of accounting is to safeguard the interests of the business.