Question

One of the following is not the characteristic of Accounting Principles:

Result Oriented
Factual
Practical
Summarizing

Answer 1

Answer:

Result Oriented

Explanation:

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Answer 2

The answer is - Result Oriented.

• Accounting Principles is not results-oriented. It is a summary of factual transactions of an organisation.
• It's factual and practical as only the true transactions are recorded in accounts.
• It is summarizing as all the transactions are recorded in short.
• It is not result-oriented as it focuses more on recording the transactions rather than finding the sum result.