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General Accounting Acceptable Principles, usually referenced as GAAP, is the collection of standards and principles to be used by businesses to record and present the results of their financial activities and their records of what they own and they owe. GAAP can be different between industries and between countries.
Wiki User
∙ 11y ago
Wiki User
∙ 14y agoGenerally Accepted Accounting Principles (GAAP) is the Americanized period utilized to mention to the benchmark structure of guidelines for financial accounting.
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Who formulated the General accepted accounting principles?
Financial Accounting Standards Board
What do you understand accounting principals discuss the nature and significance of accounting principles?
They are set of accepted accounting standards and general rules.
List of Generally Accepted Accounting Principles?
what is the list of generally accounting accepted principles
Generally accepted in the phrase generally accepted accounting principles means that the principles?
in the phrase generally accepted accounting principles means
What are the right that enable auditors to carry out their duties?
general accepted accounting principles (GAAP)
A common set of accounting standards and procedures are called?
GAAP - Generally Accepted Accounting Principles
What are the Examples of generally accepted accounting principles?
principles
Are there different types of GAAP General accepted accounting principles?
GAAP is nothing but a set of principles followed by a company which helps it to manage effectively and compare the profits and losses of different accounting periods.there are many such principles.
What does the acronym GAAP stand for?
GAAP is an acronym for Generally Accepted Accounting Principles. GAAP is a series of basic rules accepted by those within the accounting community to perform accounting tasks.
The GAAP are the generally accepted principles in what field?
Accounting
What does GAAP stand for?
Generally Accepted Accounting Principles. There are different types of GAAP in todays world. For example, there is U.S. GAAP (generally accepted acccounting principles in the United States) and U.K. GAAP (generally accepted accounting principles in the United Kingdom).
The initials GAAP stand for?
Generally Accepted Accounting Principles
