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What is the difference between Indian GAAP and Accounting 
 Question Submitted By :: Finance
I also faced this Question!!     Answer Posted By  
# 1
GAAP Stands for Generally Accepted Accounting Principles.
Accounting Standardards are issued by the Institute of
Chartered Accountants of India (ICAI). This is the largest
accounting body in the country. Now the Accounting
Standards are 29.Accounting Standards are prepared by
export persons.Generally Accepted Accounting Principles
means just like Accounting Concept which means every person
can accept this principles.
Is This Answer Correct ?    41 Yes 17 No
M.kishore Kumar
# 2
Canadian GAAP consists of some changes with respect to the
one in India
Is This Answer Correct ?    5 Yes 23 No

Other Finance Interview Questions
  Question Asked @ Answers
We offer fresh cut bank instrument for lease, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and others Bernard-Broker 1
what is the difference between savings bank account and current bankink account? Ing-Vysya-Bank 12
I am invited to an assessment for a financial & administration manager interview and I have been told to bring calculator so what are the questions I am to be asked please assist I real need the job.   1
What is equity? BoA 6
i want to know about capital market,money market,derivatives,call & put up options,bullish & bearish market,mutual fund,primary & secondary market. eClerx 3
What are Subsidiary Books? Infosys 17
What is Royalty?   10
what are the major issues for the financial issues? wht are its effects on the indian economy?   1
I have worked in IT company for 2 years the I joined MBA in Finance so companies during Interview ask that why have you shifted from IT to Finance? IFCI 3
what is mean by OTC?   3
What is Secondary Market?   20
what is authorised capital ? Bank-Of-America 4
For more Finance Interview Questions Click Here 

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