"Accounting Principles" (book by Jerry J. Weygandt)

"Accounting Principles" by Jerry J. Weygandt explains the fundamental rules and guidelines that accountants follow to prepare accurate and consistent financial statements. These principles ensure transparency, comparability, and reliability of financial information across businesses. They cover concepts like revenue recognition, matching expenses with revenues, and conservatism. Essentially, the book provides a structured framework that helps accountants record, report, and interpret financial data in a standardized way, enabling stakeholders to make informed decisions about a company’s financial health.