Accounting that takes advantage of loopholes in accounting principles is:
A)creative accounting.
B)accrual-based accounting.
C)cash-based accounting.
D)international accounting.

Question

Quizplus · Accepted Answer

Creative accounting involves manipulating accounting principles to present financial information in a more favorable way, often through the use of loopholes or gray areas. Accrual-based and cash-based accounting are legitimate methods of accounting, and international accounting simply refers to accounting practices used in multiple countries.

Accounting That Takes Advantage of Loopholes in Accounting Principles Is