Which of the following are the same under both GAAP and IFRS?
A) The account.
B) Debit and credit rules.
C) Steps in the recording process.
D) All of these answers are correct.
IFRS.

Question

Quizplus · Accepted Answer

All of the given options are the same under both GAAP and IFRS. The account, debit and credit rules, and steps in the recording process are fundamental accounting concepts that are the same across different accounting frameworks.

Which of the Following Are the Same Under Both GAAP