What is the meaning of accounting principle?

noun

  • A principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). accounting principle. Retrieved September 24, 2026, from http://smartdefine.org/accounting_principle/definitions/1214714
ChicagoWordNet. 2010. "accounting principle" http://smartdefine.org/accounting_principle/definitions/1214714 (accessed September 24, 2026).
HarvardWordNet 2010, accounting principle, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/accounting_principle/definitions/1214714>.
MLAWordNet. "accounting principle" 23 October 2010. Web. 24 September 2026. <http://smartdefine.org/accounting_principle/definitions/1214714>