Question

what is accounting principles​

Answer 1

Answer:

Accounting principles are the rules and guidelines that companies must follow when reporting financial data. The Financial Accounting Standards Board (FASB) issues a standardized set of accounting principles in the U.S. referred to as generally accepted accounting principles (GAAP).

Answer 2

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❏Generally Accepted Accounting Principles is the accounting standard adopted by the U.S. Securities and Exchange Commission