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    Question

    Which type of accounting uses Generally Accepted Accounting Principles (GAAP) to ensure consistency and accuracy in reporting financial information?

    A Financial Accounting Correct Answer Incorrect Answer
    B Managerial Accounting Correct Answer Incorrect Answer
    C Tax Accounting Correct Answer Incorrect Answer
    D Cost Accounting Correct Answer Incorrect Answer

    Solution

    Financial Accounting uses GAAP to ensure consistency and accuracy in reporting financial information.

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