Question

.......... is the cost incurred in producing
goods and services.
. What are two advantages of accrual basis​

Answer 1

Answer:

Production or product costs refer to the costs incurred by a business from manufacturing a product or providing a service.

2) • Realize True Profit. Accrual is the most popular accounting method because it delivers a more accurate representation of actual profit compared to cash. ...

• Easy Forecasting. Future expenses and revenues are taken into account with accrual which makes for simple business planning. ..

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