Accounting principles are generally based on ........

General Accounting Principles Concepts of Accounting

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Accounting principles are generally based on

Practicability

Subjectivity

Conveniences in recodings

All of the above

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Explanation:

Accounting principles can be defined as rule of conduct or action. These are the general laws used with the theory and practices of accounting. These are broad guidelines and adaptability of the same depends on the the internal characteristics of the firm.