Interview Questions Answers in Accounting General

mss

{ City } jessore
< Country > bangladesh
* Profession * student
User No # 45910

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Question { Accenture, 37775 }

What is the full form of GAAP?

Answer

Generally Accepted Accounting Principles. This standards
indicate how to report economic events. Two organizations
are primarily responsible for establishing GAAP.
(I)FASB-Financial Accounting Standards Board. (II) SEC-
Security & Exchange Commission. The SEC is the governmental
agency.
posted by mss, dhaka university

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2 Yes

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Question { 6483 }

what is SEC,BED

Answer

SEC stands for Security & Exchange Commission.
& BED = Better Equipment Donation.

Is This Answer Correct ?

3 Yes

1 No