Accounting and Economics
The theoretical basis of the central concepts with which accounting is concerned, including profit, cost, revenue and capital is derived from economics. In turn, accounting concepts play an important role in economics, most notably in relation to national accounts.
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Famous quotes containing the words accounting and/or economics:
“At the crash of economic collapse of which the rumblings can already be heard, the sleeping soldiers of the proletariat will awake as at the fanfare of the Last Judgment and the corpses of the victims of the struggle will arise and demand an accounting from those who are loaded down with curses.”
—Karl Liebknecht (1871–1919)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)