Accountancy, asked by muhammadahsan3005, 7 months ago

"influence the prospect for the entity are not recorded in the financial record

Answers

Answered by Anonymous
14

Answer:

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Many important events that influence the prospect for the entity are not recorded in the financial records. This is because they fall outside the transaction approach. ... Hence, the cash basis is usually not acceptable. The accrual basis requires numerous ● adjustments at the end of the accounting period

Explanation:

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Answered by sunnydayal8083
2

Answer:

yes

Explanation:

the financial record

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