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What is the full form of GAAP?

1. What is the full form of GAAP?

1. Generally Accepted Accounting Provision
2. Generally Accepted Accounting Policies
3. Generally Accepted Accounting Principles
4. None of these

Answer: C) Generally Accepted Accounting Principles

Explanation:

Generally Accepted Accounting Principles are an assortment of regularly adhered to bookkeeping guidelines and principles for monetary announcing.