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What are accounting principles?

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Question added by ameerali kanneth , Internet & Email
Date Posted: 2015/11/14
syed khadri
by syed khadri , GIS Digitzer , Engineering & Research International (ERI)

General accounting procedures, practices which guide the accountant in the preparation of accounting records.

JAISHRI JAISHRI
by JAISHRI JAISHRI , Senior Accountant , Monero Hotel

The rules and guidelines that companies must follow when reporting financial data. The common set of accounting principles is the generally accepted accounting principles (GAAP). To remain listed on many major stock exchanges in the U.S., companies must file regular financial statements reported according to GAAP

rules a company should follow when when reporting financial data...

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