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What are accounting Principles?
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Answer Posted / safora
The general decision rules which govern the development of
accounting techniques.these principles guide how
transactions should be recorded and reported.
accounting principles includes accounting concepts and
accounting conventions.
Under accounting concepts comes separate entity,going
concern,money measurement,cost dual aspect,accounting
period matching concept,realisition
Under accounting conventions comes conservatism,full
disclosure,consistency,materiality.
| Is This Answer Correct ? | 92 Yes | 39 No |
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