Full form of GAAP ........

Accountancy (11th) Chapter-2 Theory base of Accounting

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Full form of GAAP

Generally Accounting Accepted principles

Journal Accepted Accounting principles

Generally Accepted Accounting prudence

Generally Accepted Accounting principles

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Explanation:

GAAP means Generally Accepted Accounting Principles is a combination of authoritative standards (set by police boards) and the commonly accepted ways of recording and reporting accounting information. GAAP improves the clarity of the communication of financial information.