accounting principle - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “accounting principle”

accounting principle

noun [C]
 
 
ACCOUNTING
a rule that a company or organization must follow when it prepares its financial information: The Board of Governors task force is trying to make sure good, sound accounting principles are being implemented. →  See also GAAP
(Definition of accounting principle from the Cambridge Business English Dictionary © Cambridge University Press)
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