[Solved] GAAP in financial accounting stands for _______

GAAP in financial accounting stands for _______

A. Globally Accepted Accounting Principles

B. Globally Accepted Accounting Practices

C. Generally Accepted Accounting Principles

D. Generally Accepted Accounting Provisions

Answer: (c) GAAP in financial accounting stands for Generally Accepted Accounting Principles.

More Questions

1. Pricing is one of the most important decision areas of ________.

2. Factors that make influence of firms decision to buy a part rather than produce it internally includes

3. If the margin of safety is _______, the form can withstand fall of sales and can continue to be in some profit.

4. Fixing ________ is a major decision taking function of any enterprise.

5. If the price is _______ the seller may not find enough number of consumers to buy his product.

6. If the price fixed is ________, the seller may not be able to cover his cost.

7. A pricing decision is one of the __________ decision that the firm has to make.

8. Pricing decisions have ________ importance in any enterprise.

9. Internal user of accounting information for decision making is ________ 10. The main aim of management accounting is to help management in its functions of _________.

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