The primary purpose of Generally Accepted Accounting Principles is to ensure the usefulness of financial information.

Name: The primary purpose of Generally Accepted Accounting Principles is to ensure the usefulness of financial information.
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The main goal of Generally Accepted Accounting Principles (GAAP) is to provide guidance and uniformity in financial reporting in order to make financial statements useful, relevant, and reliable to users such as investors, creditors, and government agencies.

The Primary Purpose of Generally Accepted Accounting Principles Is to Ensure