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WHAT ARE THE PRINCIPALS OF ACCOUNTING

Answer Posted / venu

Principles:-
1. Economic Entity Assumption
2. Monetary Unit Assumption
3. Time Period Assumption
4. Cost Principle
5. Full Disclosure Principle
6. Going Concern Principle
7. Matching Principle
8. Revenue Recognition Principle
9. Materiality
10. Conservatism

Is This Answer Correct ?    19 Yes 7 No



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