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Question
Accounting principles are generally based upon _________________.
Accounting principles are generally based upon _________________.
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Solution
The correct option is A Practicability
Accounting principles can be defined as rule of conduct or action. These are the general laws used with the theory and practices of accounting. These are broad guidelines and adaptability of the same depends on the the internal characteristics of the firm.
Accounting principles can be defined as rule of conduct or action. These are the general laws used with the theory and practices of accounting. These are broad guidelines and adaptability of the same depends on the the internal characteristics of the firm.
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