What are the accounting principles or concepts.Expalin briefly.
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Answer Posted / vikram singh
Those rules and set languages which are imortant to prepare
the accounting statements are called accounting principals.
accounting principals are accepted by all over the world as
a general guidlines for preparing the accounting
statements. THESE ARE ALSO CALLED (GAAP) GENERAL ACCEPTED
ACCOUNTING PRINCIPALS. Example;business entity
cencept,going concern concept.money measurment concept.
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