9. Explain any two advantages of accrual basis of accounting.
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Defining The Accrual Accounting Method
Defining The Accrual Accounting MethodWhile it may be more complicated than the cash method, it provides a more accurate account of a company's overall financial health. For this method, income and expenses are recorded when they are billed and incurred instead of when the money changes hands.
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The Accrual Accounting Method
While it may be more complicated than the cash method, it provides a more accurate account of a company's overall financial health. For this method, income and expenses are recorded when they are billed and incurred instead of when the money changes hands.
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