Question

how many accounting principles are there ?and its name
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Answer 1

Answer:

There are four main conventions in practice in accounting: conservatism; consistency; full disclosure; and materiality. Conservatism is the convention by which, when two values of a transaction are available, the lower-value transaction is recorded.

Answer 2

Hi buddy

Here is your answer

The following is a list of the ten main accounting principles and guidelines together with a highly condensed explanation of each. The accountant keeps all of the business transactions of a sole proprietorship separate from the business owner's personal transactions.

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