GAAP Definition

Bookmark and Share

GAAP is Generally Accepted Accounting Principles or Generally Accepted Accounting Procedures (less common).

Learn new Accounting Terms

LETTER OF CREDIT, CONFIRMED is a letter of credit that is guaranteed by a bank that is acceptable to a seller (usually a local bank), regardless of buyers bank.

EARNED INCOME is that income realized by the provisioning of goods and services.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.