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Principles of accounting?

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Answer:

Accounting principles are those rules and concepts that are generally accepted as standards for the field of accounting. These are standardized by governing bodies such as GAAP and IASB. Few core principles are Accrual concept, Business Entity Concept, Time Period Assumption etc.

Reference:
http://www.gripaccounting.com/financial-accounting/principles/

First answer by ID2033887496. Last edit by Nardosbedlu. Contributor trust: 0 [recommend contributor ]. Question popularity: 2 [recommend question].

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Accounting Principles

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