What are GAAP?

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What are GAAP?

Question Posted / nandu

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What are GAAP?..

Answer / tarun aggarwal

GAAP MEANS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES.IT
INCLUDES ALL THE POLICIES,CONVENTIONS,CUSTOMS,PRINCIPLES
FOLLOWED WHILE PREPARING ACCOUNTING BOOKS.THESE ARE
1 BUSINESS ENTITY CONCEPT
2 GOING CONCERN CONCEPT
3 MONEY MEASUREMENT CONCEPT
4 HISTORIC COST CONCEPT
5 DUAL ASPECT
6 MATCHING CONCEPT
7 SUBSTANCE OVER FORM
8 CONSISTENCY
9 CONSERVATISM
AND MANY MANY MORE

Is This Answer Correct ?

17 Yes

0 No

What are GAAP?..

Answer / hari

generally accepted accounting principles

Is This Answer Correct ?

13 Yes

4 No

What are GAAP?..

Answer / nevitha

Generally Accepted Accounting Principles the accumulation
and presentation of the data appearing in the financial
statements.They are used to measure ,record,and report the
financial affairs and activities in business.

Is This Answer Correct ?

5 Yes

0 No

What are GAAP?..

Answer / swathi

gaap stans for generally accepted accounting
principles.which includes the concepts of accounting.there
are,business entity concept,money measurement concept,going
concern concept,debit equity concept etc.

Is This Answer Correct ?

10 Yes

7 No

What are GAAP?..

Answer / 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

What are GAAP?..

Answer / naveen agarwal

GENERAL ACCEPTED ACCOUNTING PRICIPLES IT INCLUDES RULE AND
REGULATION OF ACCOUNTATING

Is This Answer Correct ?

0 Yes

0 No

What are GAAP?..

Answer / abcd

GAAP MEANS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES WHICH
ARE THE BASIS OF MAINTAINANCE OF BOOKS OF ACCOUNTS AND NO
INSTITUTION CAN PREPARE ITS ACCOUNTS AGAINST THESE
PRINCIPLES

Is This Answer Correct ?

0 Yes

0 No

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