Question

2. Which of the following
standard is associated with the
Accounting and Finance ?​

Answer 1

GAAP

GAAP is a set of standards that companies, nonprofits, and governments should follow when preparing and presenting their financial statements, including any related party transactions. The Securities and Exchange Commission (SEC) recognizes the FASB as the accounting standard setter for public companies.

Answer 2

GAAP

GAAP is a set of standards that companies, nonprofits, and governments should follow when preparing and presenting their financial statements, including any related party transactions. The Securities and Exchange Commission (SEC) recognizes the FASB as the accounting standard setter for public companies.

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