Accountancy, asked by mundeshRonghang, 7 months ago

discuss the importance of GAAPs in the Accounting system.​

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Answered by mauryaalexander
0

Answer:

GAAP allows investors to easily evaluate companies simply by reviewing their financial statements. ... When applied to government entities, GAAP helps taxpayers understand how their tax dollars are being spent. GAAP also helps companies gain key insights into their own practices and performance.

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