give two characters of accounting principle?
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Answer:
Some important accounting characteristics include relevance, reliability, materiality and consistency.
Generally Accepted Accounting Principles. ...
Relevance. ...
Reliability. ...
Consistency. ...
Materiality.
Explanation:
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Answer:
Accounting records only those transaction and events which are of financial nature.
Accounting measures the transaction and events in terms of money.
Explanation:
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