Definitions
There is 1 meaning of the phrase
Accounting Principle.
Accounting Principle - as a noun
A principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions
Synonyms (Exact Relations)
accounting standardExample Sentences
"The business adheres to the accounting principle of conservatism."
"One fundamental accounting principle is the matching principle."
"The accounting principle of consistency ensures uniformity in financial reporting."
"The entity follows the accounting principle of materiality when evaluating financial information."
"According to the accounting principle of full disclosure, all relevant information should be included in financial statements."
