What are Accounting Principles?

Generally Accepted Accounting Principles (GAAP)

1.Principle of Regularity

2.Principle of Consistency

3.Principle of Sincerity

4.Principle of Permanence of Methods

5.Principle of Non-Compensation

6.Principle of Prudence

7.Principle of Continuity

8.Principle of Periodicity

9.Principle of Materiality

10.Principle of Utmost Good Faith

What are Accounting Principles?

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