Accounting principles are divided into ........

Principles of Accounting & Financial Management Concepts of Accounting

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Accounting principles are divided into:

Accounting Concepts

Accounting Conventions

Fundamental Accounting Assumptions

All of the above

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Explanation:

Accounting principles are divided into two categories:
1. Accounting Concepts: Accounting Concepts are basic assumptions or conditions upon which science of accounting is based.
2. Accounting Conventions: Accounting Conventions include those customs and traditions which are followed up by an accountant while preparing a financial statement.