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I believe the answer is Revenue recognition Principle and Matching Principle. Can anyone confirm.

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Q: State two generally accepted accounting principles that relate to adjusting the accounts?
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Related questions

Generally accepted in the phrase generally accepted accounting principles means that the principles?

in the phrase generally accepted accounting principles means


List of Generally Accepted Accounting Principles?

what is the list of generally accounting accepted principles


A common set of accounting standards and procedures are called?

GAAP - Generally Accepted Accounting Principles


What are the Examples of generally accepted accounting principles?

principles


Identify and state two generally accepted accounting principles that relate to adjusting the accounts?

The matching principle and the revenue recogntion principle.


What does the acronym GAAP stand for?

GAAP is an acronym for Generally Accepted Accounting Principles. GAAP is a series of basic rules accepted by those within the accounting community to perform accounting tasks.


The GAAP are the generally accepted principles in what field?

Accounting


What does GAAP stand for?

Generally Accepted Accounting Principles. There are different types of GAAP in todays world. For example, there is U.S. GAAP (generally accepted acccounting principles in the United States) and U.K. GAAP (generally accepted accounting principles in the United Kingdom).


The initials GAAP stand for?

Generally Accepted Accounting Principles


What do you mean by gaap?

GAAP is an acronym for Generally Accepted Accounting Principles


How many generally accepted accounting principles are there?

how many principle of gaap


What types of accounting reports are prepared in conformity with generally accepted accounting principles?

Financial Statements