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What is the full form of GAAP?
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Answer / chandu
gaap means generaly accepted accounting principles.
| Is This Answer Correct ? | 88 Yes | 5 No |
Answer / christy
GAAP means Generally Accepted Accounting Principles
| Is This Answer Correct ? | 40 Yes | 4 No |
Answer / ramsundar
GAAP means generally accepted accounting principles
| Is This Answer Correct ? | 28 Yes | 5 No |
Answer / noorullah07@yahoo.com
GAAP stand:
Generally Accepted Accounting Principles
| Is This Answer Correct ? | 24 Yes | 1 No |
Answer / vikash adhikari
GAAP means Generally accepted accounting principle
| Is This Answer Correct ? | 21 Yes | 5 No |
Answer / sir anjam khan
generally accepted accounting principples
dear horr samaj agaee.?
| Is This Answer Correct ? | 6 Yes | 1 No |
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IN ONE OF THE MAUNUFACTURING COMPANY, THE MANAGMENT WAS VERY MUCH INTERESTED TO INTRODUCE ERP(IT IS FOREIGN SOFTWARE)BASED ON SOME ATTRACTIVE FEATURES EXPLAINED BY THE ERP SOFT WARE COMPANY/AGENCY . THE ACCOUNTING STAFF ARE ALL CONVERCENT WITH TALLY ACCOUNTING PACKAGE(INDIAN ACCOUNTING METHOD). THEREFORE THEY WOULD LIKE TO KNOW THAT (I) WHAT ARE THE DIFFERENCE BETWEEN A TRIAL BALANCE FROM NORMAL TALLY ACCOUNTING AND ERP GENREATED TRIAL BALANCE (2) SINCE THE BOTH THE TRIAL BALANCE WILL BE HAVING DIFFEERENT DATAS HOW SOME ONE CAN MAKE A FINAL ACCOUNT SUCH AS TRADING A/C PROFIT & LOSS ACCOUNT AND BALANCE SHEET AS PER INDIAN COMPANIES ACT. THE TRIAL BALANCE AS PER ERP SHOW SOME COST OF PRODCUTION A/C, LABOUR/MATERIAL/VALUE VARIANCE A/C. SAY ALL THESE VARIANCE ARE CORRECT AND BASED ON THE ACTUAL TRANSACTION TAKEN PLACE, HOW SOMEONE CAN A FINAL ACCOUNT MEANT FOR INDIAN ACCOUNTING POLICY WHICH TO BE SUBMITTED TO VARIOUS GOVT BODIES? I AM TOTALLY CONFUSED
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