What do we mean by accrual accounting? ANSWER Sure I AM SURE Formally, accrual accounting is a

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What do we mean by accrual accounting? ANSWER Sure I AM SURE Formally, accrual accounting is a basis of accounting that reflects economic events when they happen rather than only when cash exchanges occur. Unselected Events are measured by the receipt and disbursement of cash. Unselected We prepare a balance sheet, income statement, and a statement of changes in equity. Unselected I DON'T KNOW YET

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What do we mean by accrual accounting? ANSWER Sure I AM SURE Formally, accrual accounting is a

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