The rules of financial accounting are called Generally Accepted Accounting Principles (GAAP).

Name: The rules of financial accounting are called Generally Accepted Accounting Principles (GAAP).
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The statement is true. GAAP is a set of rules, standards, and procedures for financial accounting that are widely accepted and used in the United States. These standards ensure consistency and accuracy in financial reporting across different companies and industries.

The Rules of Financial Accounting Are Called Generally Accepted Accounting