What are accounting Principles?
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Answer Posted / vikas
Accounting principles or Generally Accepted Accounting
Principles are a set of rules that are to be followed while
preparing the final accounts. The principles are:
Separate entity concept
Going concern concept
money measurement concept
cost concept
accounting period concept
realization concept
dual-aspect concept
accrual concept
matching concept
objective evidence concept
consistency
full disclosure
conservatism
materiality
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