Why is the accrual basis of accounting generally preferred over simply using cash payments and receipts?

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College Accounting Ch 1-14

ISBN: 9781260904314

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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Question Posted: May 14, 2024 05:00 AM

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Why is the accrual basis of accounting generally preferred over simply using cash payments and receipts?

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The accrual basis of accounting is generally preferred over simply using cash payments and receipts for several reasons 1 Matching Principle The accru...View the full answer

College Accounting Ch 1-14

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