Accounting principles:
A)explain financial phenomena.
B)are similar to natural laws, like the law of gravity.
C)apply only to large business organisations.
D)should be accepted by people and organisations who need financial information to make decisions.

Question

Quizplus · Accepted Answer

Accounting principles should be accepted by people and organizations who need financial information to make decisions, as they provide a standardized framework for financial reporting and analysis.

Accounting Principles