14 January 2011
Hi Experts, What is acccounting policy and accounting principle?is there is any difference?what is the signification of accounting policy and accounting principle? pls tel me example of accounting policy and accounting principle?
16 January 2011
The specific policies and procedures used by a company to prepare its financial statements. These include any methods, measurement systems and procedures for presenting disclosures. Accounting policies differ from accounting principles in that the principles are the rules and the policies are a company's way of adhering to the rules.
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