Question

What is the difference between GAAP and Ind AS?

Answer 1

The difference between GAAP and IND AS is that GAAP is used in the United States of America and Ind AS is used specifically in India.

Also read:

• Difference Between Cash Basis and Accrual Basis of Accounting
• Accrual Basis of Accounting
• GAAP Generally Accepted Accounting Principles
• Applicability of IND AS
• Difference Between IFRS and IND AS
• Difference Between GAAP and IFRS

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