Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Connect with a community of experts ready to provide precise solutions to your questions on our user-friendly Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

What are generally accepted accounting principles?.

Sagot :

Answer:

Generally accepted accounting principles (GAAP) are a common set of accounting rules and standards that dictate how financial statements are prepared.

Explanation:

Generally accepted accounting principles (GAAP) are a common set of accounting rules and standards that dictate how financial statements are prepared. Public companies, nonprofit organizations, and government entities are required to prepare financial statements in accordance with GAAP.

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.