Accountancy, asked by munna5898, 9 months ago

Briefly discuss the role of GAAP in accounting

Answers

Answered by mayanktripathi14
0

Answer:

The purpose of GAAP is to create a uniform standard for financial reporting. When financial information is made available to the public, it should serve the purpose of helping investors make informed decisions as to where to put their money.

Answered by siddharth178
1

Answer:

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