The primary difference between accrual-basis and cash-basis accounting is: Multiple Choice Cash-basis accounting is allowed for...

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The primary difference between accrual-basis and cash-basis accounting is: Multiple Choice Cash-basis accounting is allowed for financial reporting purposes but not accrual-basis accounting. Accrual-basis accounting violates both the concepts of revenue recognition and expense recognition. The timing of when revenues and expenses are recorded. The primary difference between accrual-basis and cash-basis accounting is: Multiple Choice Cash-basis accounting is allowed for financial reporting purposes but not accrual-basis accounting. Accrual-basis accounting violates both the concepts of revenue recognition and expense recognition. The timing of when revenues and expenses are recorded.

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