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accounting principle vs GAAP

GAAP vs accounting principle

accounting principle and GAAP both are nouns.

Word NounAdjectiveVerbAdverb
accounting principle Yes No No No
GAAP Yes No No No
accounting principle (noun) GAAP (noun)
a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
Difference between accounting principle and GAAP

Words related to "accounting principle"

Words related to "GAAP"

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