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Question
What is GAAP used for?
What is GAAP used for?
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Solution
GAAP is used to maintain consistency and standard in accounting across industries.
Also read:
- MCQs on GAAP
- GAAP (Generally Accepted Accounting Principles)
- Difference Between GAAP and IFRS
- MCQs on Management Accounting
Learn about more questions and answers on business studies and various other commerce topics from our website.
GAAP is used to maintain consistency and standard in accounting across industries.
Also read:
- MCQs on GAAP
- GAAP (Generally Accepted Accounting Principles)
- Difference Between GAAP and IFRS
- MCQs on Management Accounting
Learn about more questions and answers on business studies and various other commerce topics from our website.
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