what are the accounting principal
Answers
Answered by
0
Answer:
Definition of Accounting Principles
Accounting principles are the common rules that must be followed when preparing financial statements that are distributed to people outside of the company (or other organization).
Examples of Accounting Principles
The basic underlying accounting principles, guidelines and assumptions include the following:
the cost principle
matching principle
full disclosure principle
revenue recognition principle
industry-specific regulatory rules
materiality, conservatism, consistency, and others
Similar questions