What is the full form of GAAP?

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

Purchase Goods worth rs.1000/ icluding vat of rs 40/ & Service charge receive 1000/ including service charge rs 123.60/ What will be entry in Tally? Please Define me?

0 Answers  


what is the difference between journal entry and journal voucher

3 Answers  


What is WCT ? Who will Resposible for deposit WCT Means TDS Deductor or Material supplier. Is TDs applicable on WCT. Who will responsible for deposit WCT. I Am New For this Field. Thanks in advance...

1 Answers  


hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..

0 Answers  


what is the difference between cheque dishounerd and cheque bounced?

5 Answers   Idea,






Tell me what is tally accounting?

0 Answers  


explain the relevance of closing stock account in trading a/c when preparing the gross profit?

0 Answers   RR Donnelley,


what is cash flow statement and fund fund flow statement

2 Answers  


Explain what makes a successful account manager?

0 Answers  


how to make monthly salary sheets.

4 Answers   TATA,


what is consignment entry?

11 Answers   Genpact,


what is minority interest

3 Answers   Capital IQ,


Categories