About general accounting principles or gaap

Dear Sir

 Iam Abhimanyu kumar 

I Am a student of UPSC .In my Syllabus General Accounting Principle  or GAAP is Here

What is the difference between them  

Replies (1)

GAAP refers to Generally accepted accounting principles - These are common set of accounting principles, standards and procedures that companies must follow when they compile their financial statements.

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