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The MD, Mr. G.C. Gupta, having understood the gist of the conceptual framework of financial statements, is now interested in the understanding of GAAPs, because of their obvious influence on the financial statements. He requests the CFO, Mr. Lokesh Gupta, to prepare in a brief report, containing, not exceeding four A4-size pages with adequate margin and normal space between the paragraphs.
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Order Paper NowSuppose that you are the CFO. Please make the report. Business reports need to be brief, concise and precise. They also need to be drafted in a simple language, devoid of any jargon to the best possible extent. Keep these considerations in mind while preparing the gist.
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