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GAAP : Generally Accepted Accounting Principles...


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GAAP

Generally Accepted Accounting Principles

GAAP refer to the standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as accounting standards or standard accounting practice. These include the standards, conventions, and rules that accountants follow in recording and summarizing and in the preparation of financial statements.



Kind of Word: Abbreviation

Categories: Finance

Created by: Infinity at May.2014


Links: Your Business Jargon Dictionary : GAAP

  


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