Accountancy, asked by riteshg85, 1 month ago

hat do u mean by Generally accepted accounting principles (GAAP)?

Answers

Answered by saumyapatel715
1

Answer:

Generally accepted accounting principles, or GAAP, are standards 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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Answered by nithyashree1577
0

Answer:

Generally accepted accounting principles, or GAAP, are standards 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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