Accountancy, asked by neelimaedara3920, 1 month ago

what do you mean by G.A.A.P :

Answers

Answered by khobragadeabhimanyu
0

Answer:

Generally accepted accounting principles

Generally accepted accounting principles, or GAAP, 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.

Answered by narayanjha003
0

Answer:

General Accepted Accounting Principal

Explanation:

Generally accepted accounting principles, or GAAP, 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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