The term "GAAPs" stands for:
A) generally accepted auditing principles.
B) generally approved auditing principles.
C) generally acknowledged appraisal principles.
D) generally accepted accounting principles.
E) generally accredited assessment principles.

Question

Quizplus · Accepted Answer

GAAP stands for Generally Accepted Accounting Principles, which are the standard guidelines for financial accounting and reporting in the United States.

The Term "GAAPs" Stands For