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GAAP stands for "Generally Accepted Accounting Principles." These are a set of standard accounting principles, concepts, and procedures used by companies to prepare and present their financial statements. GAAP provides a framework for how financial information should be recorded, reported, and disclosed, ensuring consistency, comparability, and reliability of financial statements across different businesses and industries. Adhering to GAAP is essential for companies to maintain transparency, accuracy, and credibility in their financial reporting, as it helps investors, creditors, and other stakeholders make informed decisions based on reliable and standardized financial information.
What is the minimum size of a house provided under PMAY-G?
Which State has become first in India to have its own Internet Service K - Fon?
Who will chair the RBI’s 10-member ’Expert Committee on Benchmarking of its Statistics'?
What is the period for national strategy for financial inclusion?
Which of the following information is incorrect with respect to the payroll data provided by the Employees' Provident Fund Organisation-
I.New mo...
Consider the following statements about Camelids:
1. United Nations recently declared 2025 the International Year of Camelids. ...
Consider the following statements about National Transit Pass System (NTPS):
1. Recently, Union Minister for agriculture launched the NTP...
Which upcoming port in Maharashtra has been approved under the PM Gatishakti programme?
In November 2021, President Ram Nath Kovind presented _________ award to Group Captain Abhinandan Varthaman.
Which country was a major market for India's alcoholic beverage exports in 2023-24?