What is USGAAP?




Answers were Sorted based on User's Feedback



What is USGAAP?..

Answer / dinesh lakhotiya

Generally accepted accounting principles (GAAP) are the
accounting rules used to prepare financial statements for
publicly traded companies and many private companies in the
United States. Generally accepted accounting principles for
local and state governments operates under a different set
of assumptions, principles, and constraints, as determined
by the Governmental Accounting Standards Board.

Is This Answer Correct ?    16 Yes 0 No

What is USGAAP?..

Answer / guest

It is "United State Generally Accepted Accounting
Principle".

Is This Answer Correct ?    13 Yes 1 No

What is USGAAP?..

Answer / vandana

US General Accepting Account Principal

Is This Answer Correct ?    4 Yes 3 No




What is USGAAP?..

Answer / rajesh

USGAAP is a stand for United state Generally Accepted
accounting Principle.

it is a (principle) accounting rules used to prepare
financial statements for publicly traded companies and many
private companies in the United States. as well as Local and
state governments operates under a different set of
assumptions, principles, and constraints, as determined by
the Governmental Accounting Standards Board

Is This Answer Correct ?    2 Yes 1 No

What is USGAAP?..

Answer / priyanka pawar

In the United States, Generally Accepted Accounting Principles( GAAP), are accounting rules used to prepare, present and report financial statements for companies.

Is This Answer Correct ?    1 Yes 0 No

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