Question

what is the necessity of a/cing principles ....plz give answer by own ... not by pasting ..​

Answer 1

Answer:

Importance of accounting principles

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.

hope it helps you

mark me as brainliest

Answer 2

$\huge\rm\underline\purple{Answer:-}$

Accounting principles serve as a doctrine for accountants theory and procedures, in doing their accounting systems. Accounting principles ensure that companies follow certain standards of recording how economic events should be recognised, recorded, and presented.

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.

$<marquee behavior="move"><fontcolor= "Aqua"><H1>follow me ✌️❤️✌️</H1><marquee>$