What is the full form of GAAP?

Answer Posted / sandip mishra

gerenally acepted accouting principles

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Do you know what is balance sheet?

605


Explain me where a cash discount should be recorded in journal entry?

3478


Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?

576


is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power

1182


Debit Card Come Under Which group in Tally 9?

1460






What are the 5 basic accounting principles?

621


Do you know in accounting, vat abbreviates what?

642


How can do it TDS in accounts?

1591


using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts

1449


What are depreciation and amortization?

634


Tell me do you have any idea about service tax or excise?

609


What information do you require before you approve an invoice for payment?

715


What information is included in a bill for services?

588


Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?

3137


accounting principles, accounting concepts,meaning of managment and financial accounting and cost accounting.

1616