Accountancy, asked by shakirainapure3847, 11 months ago

What do you mean by accounting principle? What are their limitations? State briefly the basic factors of accounting principles.

Answers

Answered by kuldeep9415193112
0

Explanation:

Accounting is the systematic and comprehensive recording of financial

transactions pertaining to a business. Accounting also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities

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