Definition of rub for English Language Learners. : 1  to move something (such as your hand or an object) back and forth along the surface of (something) while pressing. : 2  to move (two things) back and forth against each other. : 3  to move back and forth many times against something in a way that causes pain or damage.
Fundamentals of Accounting: Basic Accounting Principles Simplified for Accounting Students. Can you believe that accounting can be made incredibly easy to study and learn? Fundamentals of Accounting - Basic Accounting Principles Simplified for Accounting Students will be to achieve what many accounting books failed to accomplish. Students who use this book will develop a fondness for accounting before the semester is over because they will find out that accounting is not difficult to learn, after all.
Accounting Concepts. The preparation of Income Statement and Balance Sheet of a business is based on certain assumptions. These assumptions are called Accounting Concepts. Accounting concepts are very helpful in applying commonly established procedures in preparing financial statements. Below is a list of basic accounting concepts: