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generally accepted accounting principles vs GAAP

GAAP vs generally accepted accounting principles

generally accepted accounting principles and GAAP both are nouns.

Word NounAdjectiveVerbAdverb
generally accepted accounting principles Yes No No No
GAAP Yes No No No
As nouns, generally accepted accounting principles and GAAP are synonyms defined as:
  • generally accepted accounting principles and GAAP: a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
generally accepted accounting principles (noun) GAAP (noun)
a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
Difference between generally accepted accounting principles and GAAP

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