What are GAAP?

Answer Posted / mahesh jinna

GAAP : generally accepted accounting principles

A collection of rules and procedures and conventions that
define accepted accounting practice; includes broad
guidelines as well as detailed procedures.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Why you want to join NABARD?

777


Which is higher - the cost of equity or the cost of debt, and why?

691


Which bank was amalgamated into the oriental bank of commerce and in which year?

576


Differentiate between future contract and forward contract?

663


Who controls all the banks in India?

619






4.DIFFERNTIATE EVA AND MVA WITH EXAMPLES 5. EXPLAIN THE COST MANAGEMENT SYSTEM ADHERED BY THE CEMENT UNITS IN INDIA 6.HIGHLIGHT THE SWOT ANALYSIS OF CEMENT INDUSTRIES IN INDIA

2103


What do you understand by subsidy?

631


What are the main issues to be negotiated in an M&A deal?

603


What idea do you frame of insurance sector in India?

635


What INVEST stands for?

730


What is Unlimited Company?

618


How can a bill collector contact debtors?

628


What does GSLV stand for?

702


Explain liquid ratio/ acid ratio/ quick ratio. What does it indicate?

575


What were the headlines in the Financial Times today?

688