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What are the accounting principles or concepts.Expalin briefly.
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Answer Posted / siphesihle lusenga
gaap principles are practises that the business es
everywhere must comply with so that all can be done
ethically and profe4ssionally within the business.here are
some of the gaap principles PRUDENCE,CONSISTENCY,GOING
CONCERN,SEPERATE ENTITY,MATCHING
CONCEPT,MATERIALITY.HISTORICAL COST
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