Business Studies, asked by fussion8564, 4 months ago

accounting and finance

Explain what is meant by GAAP Board

Answers

Answered by Parshva23
0

Answer:

Generally accepted accounting principles

Explanation:

They are a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) uses GAAP as the foundation for its comprehensive set of approved accounting methods and practices.

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