Answered

IDNLearn.com offers expert insights and community wisdom to answer your queries. Our experts are ready to provide in-depth answers and practical solutions to any questions you may have.

What type of accounting is more rules-based?

Sagot :

Rachka103idn

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.

Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. Your questions are important to us at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.