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Is Code Law or Common Law More Suitable for a Recently

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Is code law or common law more suitable for a recently democratized country? Why or why not?


Definitions:

Special Journals

Accounting journals designed for recording a specific type of transaction in a more efficient manner, such as sales or purchases, to simplify the accounting process.

Cash Sales

Transactions where goods or services are exchanged immediately for cash, without the extension of credit.

Account Sales

A detailed report provided by a consignee or an agent to the consignor detailing the sale of consigned goods, including prices obtained and associated costs.

Permanent Account

An account in the general ledger that is not closed at the end of the accounting period, with its balances carried over into the next period.

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