Which principles encompass the conventions,rules,and procedures for determining acceptable accounting and financial reporting practices at a particular time?
A)SOX
B)IASB
C)GAAP
D)FASB

Question

Quizplus · Accepted Answer

GAAP (Generally Accepted Accounting Principles) encompasses the conventions, rules, and procedures for determining acceptable accounting and financial reporting practices at a particular time.

Which Principles Encompass the Conventions,rules,and Procedures for Determining Acceptable Accounting