GAAP: What It Is and Why Your Investors Expect It
inDinero Accounting
JUNE 29, 2023
The history of GAAP dates back to 1929 when the Committee on Accounting Procedure was founded by the American Institute of Accountants and tasked with developing uniform accounting standards. More Examples of Accrual Accounting Two examples of accrual accounting are accrued salaries and wages and accrued payroll taxes.
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