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.

Answer Link

Otras preguntas

Many Middle Eastern countries depend on oil as their main source of income. This is a problem because __________.
What would be the magnification of a specimen viewed with a compound light microscope that has an objective power of 40x and an ocular lens power of 10x?
Which of the following statements is incorrect: Select one: a. Eli Whitney invented the cotton gin. b. Eli Whitney became very rich because of the cotton gin.
Name the state which is composed of island
whats bigger three fifths or 0.35
an apple orchard sells apples in bags of 10. the orchard sold a total of 2,430 apples one day. how many bags of apples was this
what are two numbers between 21.023 and. 21.024
Need help plz Which sentence uses the most appropriate tone for a letter to a local authority complaining about poorly maintained street lights? a. I am writin
Twice the quantity y minus 8
How many times greater is the digit in the tenths place than in the hundredths place?