Accountancy, asked by nithi9316, 7 months ago

key difference between IAS and IFRS​

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Answered by tanvi1420sharma
1

Answer:

International Accounting Standard (IAS) and International Financial Reporting Standard (IFRS) are the same. The difference between them is that IAS represents old accounting standard, such as IAS 17 Leases . While, IFRS represents new accounting standard, such as IFRS 16 Leases.

Explanation:

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