There is a standard set of guiding principles in the United States. These guidelines are called G

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There is a standard set of guiding principles in the United States.

These guidelines are called G enerally A ccepted A ccounting P rinciples.

We usually shorten this to ___ . GAAP includes the rules, in the form of standards, that accountants follow when they prepare financial statements.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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