What are the benefits of collecting all know GAAP in one repository ?

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Answer- There are some point benefits of collecting all know GAAP in one repository ?

°Identify Areas for improvement

°reduce the risk of misrepresentation

°avoid fraud

°Recognizing transactions in real time

°create a uniform standard for financial reporting.

°make informed decisions

°easily evaluate company

°help in Decision making

° Evidence in legal matters

ekkarill92 answered 2 years ago

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