Advertisements
Advertisements
प्रश्न
What does GAAP stand for in Accounting?
Advertisements
उत्तर
"General Accepted Accounting Principles" is what GAAP stands for to promote consistency in the accounting process, these guidelines provide standards and regulate accounting terms, presumptions, and procedures.
APPEARS IN
संबंधित प्रश्न
Explain the Business Entity Concept.
GAAP stands for ______.
This concept assumes that the business will continue to exist for a long time in the future.
According to Business Entity Concept:
What is meant by going concern concept of Accounting.
With reference to the concept of accounting only those transactions are recorded in accounts which can be expressed in terms of money. Justify either for or against.
Explain the money measurement principle of accounting.
Explain The Dual Aspect Principle.
Explain the expense principle.
"The principle of full disclosure and principle of materiality are contradictory." Comment.
