Dried dehydrated meat (jerky) has traditionally been made by drying meat at low temperatures (140Â°F â 170Â°F) for a long period of time. These processing conditions can make it difficult to assure a safe end result, including using a home dehydrator.
The relevance principle is an accounting principle that states in order for financial information to be useful to external users, it must be relevant. GAAP goes on to describe the concept of relevance. Relevant information is useful, understandable, timely, and needed for decision making.
In essence, the accounting equation is: Assets = Liabilities + Shareholders' Equity. The assets in the accounting equation are the resources that a company has available for its use, such as cash, accounts receivable, fixed assets, and inventory.he reason why the accounting equation is so important is that is always true-and it forms the basis for all accounting transactions. At a general level, this means that whenever there is a recordable transaction, the choices for recording it all involve keeping the accounting equation in balance.