GENERALLY ACCEPTED ACCOUNTING PRINCIPLES Definition

Bookmark and Share

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.

Learn new Accounting Terms

PESO is a currency of Argentina, Bolivia, Chile, Columbia, Cuba, Guatemala, Guinea-Bissau, Mexico, Philippines, and Uruguay.

ABSORPTION see ABSORB.

Suggest a Term

Enter Search Term

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