How does accrual accounting differ from cash basis accounting?

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Posted Date: Sep 04, 2018 12:36 AM

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How does accrual accounting differ from cash basis accounting?

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The main difference between accrual and cash basis accounting lies in the timing of when revenue and expenses are recognized The cash method is a more immediate recognition of revenue and expenses whi... View the full answer

Financial Accounting: A Business Process Approach

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