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What are accounting principles?

In: Business Accounting and Bookkeeping [Edit categories]

Answer:

The Accounting Principles are the assenition rules of accounting and the application of these rules, method & procedures to actual practice of accounting. These Accounting principles have been divided into

a. accounting concepts

b. accounting conventions.

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First answer by ID1950865096. Last edit by Dorai333. Contributor trust: 0 [recommend contributor ]. Question popularity: 3 [recommend question].

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