The Major Reason for the Existence of Generally Accepted Accounting

question 7

Multiple Choice

The major reason for the existence of Generally Accepted Accounting Principles is:

• A)To make accountants legally liable for errors
• B)To increase business profits
• C)To improve the standard of accounting information for decision-making
• D)To create work for accountants

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Definitions:

Gateway

An IP address assigned to a network device that tells the device where to send a packet that is going to a remote network. Also known as a default gateway or a gateway of last resort.

DNS

Domain Name System, a hierarchical and decentralized naming system for computers, services, or other resources connected to the Internet or a private network, translating domain names to IP addresses.

Device Manager

A Windows tool that displays all installed hardware components, allowing users to manage and troubleshoot device drivers.

Power Options

Settings available on electronic devices or systems that allow users to manage energy consumption and power-saving features.