What does GP mean in ACCOUNTING
Guide Price (abbreviated as GP) is a term used in the property market to refer to an indicative valuation of a particular property or asset. This guide price is usually provided by an estate agent and can be used by buyers or sellers when putting forward an offer on a property.
GP meaning in Accounting in Business
GP mostly used in an acronym Accounting in Category Business that means Guide Price
Shorthand: GP,
Full Form: Guide Price
For more information of "Guide Price", see the section below.
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Essential Questions and Answers on Guide Price in "BUSINESS»ACCOUNTING"
What does Guide Price mean?
Guide Price refers to an indicative valuation of a particular property or asset, typically provided by an estate agent.
How can the Guide Price be used?
The Guide Price can be used by buyers or sellers when making offers on a property.
Who sets the Guide Price?
The Guide Price is set by the estate agent who provides it.
Is the Guide Price binding?
No, the Guide Price is not necessarily binding - it should only be taken as an indication when considering offers for a property.
Is there any flexibility with the Guide Price?
Yes, there may be some flexibility with regards to the Guide Price depending on factors such as local market conditions at the time of offer.
Final Words:
In conclusion, GP stands for 'Guide Price' which is usually provided by an estate agent and can be used by buyers or sellers when making offers on properties. It should always be taken as indicative rather than binding, however there may still be some flexibility depending on various other factors related to local market conditions at that time.
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