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Commerce · Q1479

Accounting

Graduate and Post Graduate · Commerce · question 1479

Q1479

Which of the following statement is correct?

A.
Accounting principles represent laws fixed by the respective governments
B.
Accounting principles represent laws fixed by accounting expert
C.
Accounting principles represent inviolable laws fixed by a legal board
D.
Accounting principles represent a consensuses at a particular time to the recording of accounting transactions
Answer

Answer: Option D

Solution

Answer: Option D
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