Advertisements
Advertisements
प्रश्न
What does GAAP stand for in Accounting?
उत्तर
"General Accepted Accounting Principles" is what GAAP stands for to promote consistency in the accounting process, these guidelines provide standards and regulate accounting terms, presumptions, and procedures.
APPEARS IN
संबंधित प्रश्न
Justify the following:
Every transaction is recorded in at least three accounts.
Explain the concept of The Dual Aspect Principle.
______ is the language of business.
According to this principle, revenue is deemed to be realised when the goods have been transferred or the services have been rendered to a customer.
According to Business Entity Concept:
"The capital provided by the owner is treated as a liability of the firm." Explain the concept on which the above depends.
Explain the money measurement principle of accounting.
Write short note on Going Concern Concept.
Explain the complete disclosure principle.
Explain the revenue principle.
