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The accounting profession has to follow the standards, rules and guidelines known as the Generally Accepted Accounting Principles (GAAP). What is GAAP? How does GAAP
The accounting profession has to follow the standards, rules and guidelines known as the Generally Accepted Accounting Principles (GAAP). What is GAAP? How does GAAP ensure uniformity in preparing and reporting the accounting information?
(Total : 10 marks)
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