Business Accounting and Bookkeeping
Accounts Payable
Financial Statements

What is the importance of generally accepted accounting principles?

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2008-04-07 10:16:25
2008-04-07 10:16:25

GAAP is important for uniformity reasons. Any where in the world as long as the two companies are operating in the same industry you can easy compare them simple because of GAAP. Thank you

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