"The main difference between normative and positive (accounting)theories is that normative theories are prescriptive,whereas positive theories are descriptive,explanatory or predictive".J.Godfrey,et el,'Accounting Theory',7^th Ed.p.29.
Explain and discuss the quotation.Include in your answer an opinion as to whether the two approaches are compatible or incompatible.

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The Answer of "The main difference between normative and positive (accounting)theories is that normative theories are prescriptive,whereas positive theories are descriptive,explanatory or predictive".J.Godfrey,et el,'Accounting Theory',7^th Ed.p.29. Explain and discuss the quotation.Include in your answer an opinion as to whether the two approaches are compatible or incompatible.

"The Main Difference Between Normative and Positive (Accounting)theories Is That