Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / saikiran
GAAP is exceedingly useful because it attempts to standardize and regulate accounting definitions, assumptions, and methods. Because of generally accepted accounting principles we are able to assume that there is consistency from year to year in the methods used to prepare a company's financial statements. And although variations may exist, we can make reasonably confident conclusions when comparing one company to another, or comparing one company's financial statistics to the statistics for its industry.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
explain sales/purchase accounting?
plz send me hsbs finance questions asked in the interview ans appitude also
Expand-------ASRT
EXPAND___________NBW
How goodwill is accounted for the first time in a company .
how to prepare HSD statements in tally
Short Answer on ______Amortization
what is the accounting conventions
Explain about Fixed capital
Expand----------CMST
Expand-------ACNS
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
can anybody send me interview question&answer to me in accounts and finance and income tax....my mail.id...jagathis1986@gmail.com
describe the most complex challenge that you have faced and how you managed it
If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?
