Elaborate accrual concept and in which circumstances it is not preferred?

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Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Dec 02, 2023 11:29 AM

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Elaborate accrual concept and in which circumstances it is not preferred?

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The accrual concept is an accounting principle that dictates when revenues and expenses should be recognized in financial statements regardless of when the cash is received or paid The key idea is to ... View the full answer

Financial Accounting and Reporting a Global Perspective

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