Accountancy, asked by RaviMehra07, 5 months ago

give two characteristics of accounting principles.

Answers

Answered by varshithadevadiga1

Answer:

Two characteristics of accounting principles:-

*Relevance or Usefulness:

ADVERTISEMENTS: A principle will be relevant only if it satisfies the needs of those who use it.

*Objectivity: A principle will be said to be objective if it is based on facts and figures.

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