Which of the following are the same under both GAAP and IFRS?
A) The journal.
B) The ledger.
C) The chart of accounts.
D) All of these answer choices are correct.

Name: Which of the following are the same under both GAAP and IFRS? A) The journal. B) The ledger. C) The chart of accounts. D) All of these answer choices are correct.
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Question

Quizplus · Accepted Answer

Both GAAP and IFRS use the same basic accounting tools such as the journal, ledger, and chart of accounts.

Which of the Following Are the Same Under Both GAAP