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Generally Accepted Accounting Principles MCQs
What is the full form of GAAP?
1. What is the full form of GAAP?
- Generally Accepted Accounting Provision
- Generally Accepted Accounting Policies
- Generally Accepted Accounting Principles
- None of these
Answer: C) Generally Accepted Accounting Principles
Explanation:
Generally Accepted Accounting Principles are an assortment of regularly adhered to bookkeeping guidelines and principles for monetary announcing.