Question

what are the principals of financial accounting?​

Answer 1

Answer:

There are four basic principles of financial accounting measurement: (1) objectivity, (2) matching, (3) revenue recognition, and (4) consistency. 3. A special method, called the equity method, is used to value certain long-term equity investments on the balance sheet.

Answer 2

Explanation:

there are four basic principals of financial accounting.

• objectivity
• matching
• revenue,recognition
• consistency
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