accounting principle

/əˌkaʊntɪŋ ˌprɪnsəpəl/
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Other forms: accounting principles

Definitions of accounting principle
  1. noun
    a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions
    synonyms: accounting standard
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    type of:
    principle
    a rule or standard especially of good behavior
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