Question

what do you mean by accounting principles explain its main characteristics
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Answer 1

Explanation:

Accounting principles have been defined as the body of doctrine, commonly associated with the theory and procedure of accounting, serving as an explanation of current practices and as a guide L for the selection of conventions or procedures where alternatives exist.

Answer 2

Accounting principles have been defined as the body of doctrine, commonly associated with the theory and procedure of accounting, serving as an explanation of current practices and as a guide L for the selection of conventions or procedures where alternatives exist.