Question

What is the principal of accounts???​

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). ... Accrual principle.

Answer 2

Answer:

I think it maybe helpful

Explanation:

Principles of accounting was often the title of the introductory course in accounting. ... In this context, principles of accounting refers to the broad underlying concepts which guide accountants when preparing financial statements. Principles of accounting can also mean generally accepted accounting principles (GAAP).