Which of the Following Are the Same Under Both GAAP

question 47

Multiple Choice

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 answers are correct.
• IFRS.

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Definitions:

Chart Data

Information presented in a graphical format, such as bars, lines, or pie segments, to visualize trends, patterns, or relationships among data sets.

Legend

A key or explanation of the symbols, colors, or styles used in a chart, map, or diagram.

Align Top

A formatting feature in text editors and design software that adjusts content to align with the top margin of the page.

Table Cell

The intersection of a row and column in a table, used to hold a piece of data or content.