The major reason for the existence of generally accepted accounting principles is to:
A) limit the amount of professional judgement required by accountants in the preparation of financial reports.
B) increase business disclosures.
C) improve the standard of accounting information for decision-making.
D) make accountants legally accountable for material errors.

Question

Quizplus · Accepted Answer

The Answer is C

The Major Reason for the Existence of Generally Accepted Accounting