CUIZ-FACT-0B47FBC1
hard
Business
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What does 'GAAP' stand for in accounting?
Verified Answer
Generally Accepted Accounting Principles
Quiz Options
- Generally Accepted Accounting Principles
- Global Auditing and Assurance Practices
- General Asset Allocation Plan
- Governmental Accounting and Procedures
Explanation & Context
GAAP are a common set of accounting principles, standards, and procedures that companies must follow when assembling their financial statements.
Also Asked As / Semantic Queries
"Which does 'GAAP' stand for in accounting?"
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