Answers were Sorted based on User's Feedback
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.
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Answer / guest
It is "United State Generally Accepted Accounting
|Is This Answer Correct ?||13 Yes||1 No|
Answer / vandana
US General Accepting Account Principal
|Is This Answer Correct ?||4 Yes||3 No|
Answer / rajesh
USGAAP is a stand for United state Generally Accepted
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|
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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