What is the full form of GAAP?

Question Posted / asma tabassum

23 Answers
38814 Views
Accenture, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

What is the full form of GAAP?..

Answer / niranjan

Generally Acceptable Accounting Practices. Though these are
treated as principles, they have no legal validation just
like our Accounting Standards. Those are the practices which
are mentioned as an advice/suggestion to business houses for
their accounting.

Is This Answer Correct ?

0 Yes

1 No

What is the full form of GAAP?..

Answer / sandip mishra

Gernal accounting accepted principle

Is This Answer Correct ?

5 Yes

10 No

What is the full form of GAAP?..

Answer / sunil

gaap ful form genaral acseptence accounting principal

Is This Answer Correct ?

7 Yes

17 No

Post New Answer

More Accounting General Interview Questions

what would be the journal entry for outstanding salary of 15000 paid by advance salary of 25000??

5 Answers Hindustan Power Projects,

Whether purchase of a fixed asset comes in receipt & payment account or not?

3 Answers

Why does closing stock does not appear in trial balance?

1 Answers LCCI,

Revenue Expenditure

0 Answers Chartered Accountant,

HOW DO PREPARE CASH FLOW

2 Answers

Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.

0 Answers

what is the definition of derivative, what is a security?

2 Answers

what is trial balance.?

4 Answers

Name three (3) corporate action types

6 Answers FactSet Systems, Shore Infotech,

What is an operative accounts?

0 Answers

How to adjust bank charges in bank od a/c?

0 Answers

What is the Bank Reconciliation? And How i can do its entry in busy Software