Exam (elaborations)
ACCT-212 Week 3 Discussion: Reasons Why Accountants Use the Accrual Method
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Let’s start the week by exploring accrual-basis accounting. Why do accountants use the accrual-basis method instead of the cash basis method of accounting? What are some of the benefits of using acc rual accounting? GAAP requires that accrual accounting be used. This basis for accounting involves...
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