Accounting Multiple Choice Question – 12 September 2024

What does GAAP stand for?

Select ONE answer:

1. Generally Agreed Accounting Policies
2. Generally Accepted Accounting Policies
3. Generally Agreed Accounting Practice
4. Generally Accepted Accounting Practice

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct

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