Question

describe the nature of accounting principle​

Answer 1

Answer:

Accounting principles are men made. Unlike the principles of Physics, Chemistry and other natural sciences; accounting principles were not deduced from basic axioms, nor their validity is verifiable through observations or experiments. These principles are drawn from practical practice of accounting.

Answer 2

Accounting principles are men made. Unlike the principles of Physics, Chemistry and other natural sciences; accounting principles were not deduced from basic axioms, nor their validity is verifiable through observations or experiments. These principles are drawn from practical practice of accounting.