ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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GENERALLY ACCEPTED ACCOUNTING PRINCIPLES Definition
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) is a recognized common set of accounting principles, standards, and procedures. GAAP is a combination of accepted methods of doing accounting and policy board set authoritative standards.
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C&C can mean: Cash and Carry or Collection & Classification.
CREDIT SALES are merchandise or services sold on the promise to pay later.