1.

What Are Accounting Principles?

Answer»

The Accounting Principles are the assertion rules of accounting and the application of these rules, method, & procedures to ACTUAL practice of accounting. These Accounting principles have been DIVIDED into
A. accounting concepts
B. accounting CONVENTIONS.

The Accounting Principles are the assertion rules of accounting and the application of these rules, method, & procedures to actual practice of accounting. These Accounting principles have been divided into
A. accounting concepts
B. accounting conventions.



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