Dear Sir
Iam Abhimanyu kumar
I Am a student of UPSC .In my Syllabus General Accounting Principle or GAAP is Here
What is the difference between them
1 Replies
Saikrishnan S
(Chartered accountant - Plintron)
(186 Points)
Replied 18 January 2017
GAAP refers to Generally accepted accounting principles - These are common set of accounting principles, standards and procedures that companies must follow when they compile their financial statements.
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