accounting principle

1. 1.

   a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions

   Synonymsaccounting standard

   Broaderprinciple

   Part ofgenerally accepted accounting principles

Questions about accounting principle

What does accounting principle mean?

accounting principle means "a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions".

What is another word for accounting principle?

Close synonyms include accounting standard. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is accounting principle a common word?

accounting principle is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.