It is essential to standardize the accounting principles and policies in order to ensure ___
a) Transparency b) Consistency c) Comparability d) Correctness
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It is essential to standardize the accounting principles and policies in order to ensure Transparency
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It is essential to standardize the accounting principles and policies in order to ensure. Transparency. Consistency.
Step-by-step explanation:
The following is a list of the ten main accounting principles and guidelines together with a highly condensed explanation of each.
- Economic Entity Assumption. ...
- Monetary Unit Assumption. ...
- Time Period Assumption. ...
- Cost Principle. ...
- Full Disclosure Principle. ...
- Going Concern Principle. ...
- Matching Principle. ...
- Revenue Recognition Principle.
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