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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

JUNE 29, 2023

On the accounting side, GAAP requires specific methods for recording transactions, such as double-entry bookkeeping, which involves debiting one account while crediting another in order to maintain accuracy in recording data. This process occurs before any cash payment is made or taxes are due.

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GAAP: What It Is and Why Your Investors Expect It

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