The Accounting Principles That Are the Generally Accepted Practices for an Organization

question 49

Short Answer

The accounting principles that are the generally accepted practices for an organization to report their financial information outside of the firm are referred to as_________

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Definitions:

Period

A length or portion of time, often defined for specific calculations or measurements.

Ratio

A quantitative relationship between two numbers showing how many times one value contains or is contained within the other.

Express

To show, manifest, or reveal something through words, gestures, actions, or artistic expression.

Proportion

A portion, fraction, or quantity assessed in relation to its total entity.