GAAP,or generally accepted accounting principles,are the rules for preparing financial statements followed by the accounting profession in the United States.

Name: GAAP,or generally accepted accounting principles,are the rules for preparing financial statements followed by the accounting profession in the United States.
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GAAP stands for generally accepted accounting principles and is a set of guidelines and rules used by the accounting profession in the United States to prepare financial statements.

GAAP,or Generally Accepted Accounting Principles,are the Rules for Preparing Financial