Question

accounting principles are based on ?​

Answer 1

Answer:

Hii Dude

Explanation:

Accounting Principles are based on 3 sets of Rules.

1.The Basic accounting principles and guidelines.

2.The detailed rules and standards issued by Fasb and its predecessor the accounting principles board ( ACP) .

3.The generally accepting industry practices.

Hope this helps you.

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Answer 2

Practicability
Subjectivity
Convience