Accountancy, asked by naayra3442, 10 months ago

Which Concepts Are General Guidelines For Sound Accounting Principles

Answers

Answered by ayesha200628

2

Explanation:

Generally Accepted Accounting Principles

Economic entity assumption. Financial records must be separately maintained for each economic entity.

Monetary unit assumption.

Full disclosure principle.

Time period assumption.

Accrual basis accounting.

Revenue recognition principle.

Matching principle.

Cost principle.

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