Royal mail will tell people there is a letter/package to collect and will then inform them that there was insufficient postage on the item when they go to collect it.oyal mail will tell people there is a letter/package to collect and will then inform them that there was insufficient postage on the item when they go to collect it.
What are 'Generally Accepted Accounting Principles - GAAP'. Generally accepted accounting principles (GAAP) are a common set of accounting principles, standards and procedures that companies must follow when they compile their financial statements. GAAP is a combination of authoritative standards (set by policy boards) and the commonly accepted ways of recording and reporting accounting information. GAAP improves the clarity of the communication of financial information.
Basically, GAAP is concerned with: 1  the measurement of economic activity; 2  the time when such measurements are to be made and recorded; 3  the disclosures surrounding this activity; and. 4  the preparation and presentation of summarized economic information in financial statements.