GAAP refers to guidelines for accounting information in the United States.The acronym GAAP in this statement refers to ________.
A) Globally Accepted Accounting Policies
B) Government Approved Accounting Principles
C) Generally Accredited Accounting Policies
D) Generally Accepted Accounting Principles

Question

Quizplus · Accepted Answer

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

GAAP Refers to Guidelines for Accounting Information in the United