GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information. The common set of accounting principles, standards and procedures that companies use to compile their financial statements. GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information. Topics What's New
The Metric System units are milliliters and liters. When to Use Which Unit. When measuring a small liquid volume, such as a dosage of cough medicine, the best unit to use is milliliters or ounces. A slightly larger volume, like the amount of flour or sugar needed to make cookie dough, would be measured using cups. A liquid volume of this size, like heavy cream, would be measured using pints, milliliters, or liters. The volume of a bigger amount, like a bottle of apple juice or soda pop, can be measured using liters and quarts. A really big liquid volume, like an aquarium or swimming pool, would be measured in gallons or liters.
For example: 1  rulers and tape measures are marked in millimetres or centimetres to measure shorter lengths accurately. 2  a trundle wheel is used to measure length to the nearest metre. 3  a car's odometer often measures distance in tenths of a kilometre.ecall that the most common metric units of length used are the kilometre (km), the metre (m), the centimetre (cm) and the millimetre (mm). These units of length are related as follows: Note that we would measure the: