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What is gaap?
Generally Accepted Accounting Principles
Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting. It includes the standards, conventions, and...
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What does GAAP stands for?
Generally Accepted Accounting Principles. There are different types of GAAP in todays world. For example, there is U.S. GAAP (generally accepted acccounting principles in the United States) and U.K....
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What is Pakistani GAAP?
ugly people need gaap to look nicer
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When was GAAP established?
In 1992, the Auditing Standards Board established the GAAP hierarchy.
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Difference between Indian gaap and us gaap?
MAJOR DIFFERENCES:
1. Underlying assumptions: Under Indian GAAP, Financial statements are prepared in accordance with the principle of conservatism which basically means "Anticipate no profits and...