faistewart1 faistewart1
  • 03-05-2021
  • Business
contestada

What type of accounting is more rules-based?

Respuesta :

rachka103
rachka103 rachka103
  • 03-05-2021

GAAP

Explanation:

That would be the Generally Accepted Accounting Principles (GAAP) system which is rules based.

Alternatively:

The International Financial Reporting Standards. (IFRS) on the otherhand would be the one thats principles based.

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