Meaning of the word gaap in English
What does gaap mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
gaap
US /ɡɑːp/
UK /ɡɑːp/
Noun
1.
abbreviation for Generally Accepted Accounting Principles: the rules that companies must follow when they give financial information:
Example:
•
Under U.S. GAAP accounting rules, the company's earnings fell to a $1.1 billion loss.
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