English, asked by vs3066943, 5 months ago

9. Explain any two advantages of accrual basis of accounting.

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Answered by Tarav
9

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.

Answered by y36yuvi36
1

Answer:

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.

Explanation:

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