Most entities, however, account for revenues and expenses, as well as for cash receipts and cash payments.

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Most entities, however, account for revenues and expenses, as well as for cash receipts and cash payments. This type of accounting is called accrual accounting . Evidently, accrual accounting is [simpler / more complicated] than cash accounting, but accrual accounting [does / does not] measure changes in equity. The most difficult problems in accounting are problems of [cash / accrual] accounting.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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