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principle vs accounting standard

accounting standard vs principle

principle and accounting standard both are nouns.

Word NounAdjectiveVerbAdverb
principle Yes No No No
accounting standard Yes No No No
As nouns, accounting standard is a hyponym of principle; that is, accounting standard is a word with a more specific, narrower meaning than principle:
  • principle: a rule or standard especially of good behavior
  • accounting standard: a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions
principle (noun) accounting standard (noun)
a basic truth or law or assumption a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions
a rule or standard especially of good behavior
(law) an explanation of the fundamental reasons (especially an explanation of the working of some device in terms of laws of nature)
a basic generalization that is accepted as true and that can be used as a basis for reasoning or conduct
a rule or law concerning a natural phenomenon or the function of a complex system
rule of personal conduct
Difference between principle and accounting standard

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