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Definition of Generally accepted accounting principles
1. Noun. A collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures.
Exact synonyms: Gaap
Member holonyms: Accounting Principle, Accounting Standard
Generic synonyms: Accumulation, Aggregation, Assemblage, Collection
Member holonyms: Accounting Principle, Accounting Standard
Generic synonyms: Accumulation, Aggregation, Assemblage, Collection