Day 5 - Chapter 13 Flashcards
1
Q
What does UK GAAP stand for?
A
UK generally accepted accounting practise
2
Q
What is UK GAAP made up of?
A
uk accounting standards
company law
3
Q
What is company law?
A
specific format
must show true and fair
- a profit and loss accounting
- balance sheet
- directors report
- an auditors report
