Interested to Buy Any Domain ? << Click Here >> for more details...
What is US GAAP describe..? What is the different between
US GAAP and Indian GAAP...?
- 1 Answers
- 6790 Views
- Berger Paints, Wipro, I also Faced
- E-Mail Answers
Answer / giridhar
GAAP - Generally Accepted Accounting Principles
US - United States
GAAP includes all the accounting policies, assumptions,
standards, etc.
Major portion of the Indian GAAP has been derived from US
and UK GAAP and adjusted according Indian circumstances.
US GAAP works on IATF issues, FASB statements.
Where as in Indian GAAP has explanatory notes issued by
ICAI from time to time.
The procedure for treating various items also differ in
these two gaaps. for eg. amortization
| Is This Answer Correct ? | 5 Yes | 0 No |
what cunditions of charged of exise duty
What is Venture Capital
What is the difference between " Public Ltd." "Pvt Ltd." "Paternship Firm", "Properitorship Firm"? Give detail information of this?
What is the difference between authorized capital and issued Capital of a private limited company incorporated in Hong Kong
how will create minutes/time for our browsing customers
What is the percentage rate of PF,ESI,PROFESSION TAX,SERVICE TAX,VAT,INCOME TAX in BANGALORE?
The stock investment and opening stock of a firm are Rs.500 and Rs.1000 respectively. Calculate its closing stock.
what is freefloat capitalization
give detail expansion about MIS Report?
5 Answers Oriental Bank Of Commerce,
I want to validate Customer credit payment with customer invoice, When billing time, the system check the customer credit payment, if customer credit is lesser than customer bill, system should not allow the billing further process. Can I configure in sap
WHAT TO DO IF BANK RECONCILIATION STATEMENT DOES NOT TALLY?
how to start a personal finance company that is not require RBI registration.
Audit 
