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Thesaurus Legend: Synonyms Related Words Antonyms. Noun: 1. accounting principle - a principle that governs current accounting practice and that is used as a reference to determine ...
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This accounting principle requires companies to use the accrual basis of accounting. The matching principle requires that expenses be matched with revenues.
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Accounting is basically information, and this information is published periodically in business as a profit and loss statement, or an income statement.
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