Accountancy, asked by rahul8232, 2 months ago

explain the essential feature of accounting principle

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Answered by djhardas82

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1 Usefulness: An accounting principle should be useful that is an accounting rule which does not increases the utility of the records is not accepted as an accounting principle. ... 2 Objectivity: Accounting principle should be objective in nature.

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explain the essential feature of accounting principle​

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explain the essential feature of accounting principle