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What are accounting Principles?
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Answer Posted / gopi kanth
Personal,Real,Nominal are not principles of accounts.
They are types of accounts are called golden rules.
As per Accounting standard 1 following are principles of
accounts basically on which financial statements are
prepared.
1.Going concern.
2.Accuracy.
3.Consistancy.
| Is This Answer Correct ? | 370 Yes | 153 No |
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