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What type of accounting is more rules-based?
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4 votes
What type of accounting is more rules-based?

User Vladimir Zelenov
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1 Answer

2 votes

GAAP

Step-by-step 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.

User Madhusudhan
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