Discuss the following accounting assumptions and concepts: 1. Accrual basis of accounting 2. Cash basis of accounting

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Discuss the following accounting assumptions and concepts:

1. Accrual basis of accounting

2. Cash basis of accounting

3. Going concern assumption

4. Materiality concept

5. Information role of accounting

6. Contracting role of accounting

Why are the assumptions and concepts important?

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Financial Accounting For Executives And MBAs

ISBN: 9781618531988

4th Edition

Authors: Wallace, Simko, Ferris

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Question Posted: May 18, 2024 11:01 PM

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Discuss the following accounting assumptions and concepts: 1. Accrual basis of accounting 2. Cash basis of accounting

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Financial Accounting For Executives And MBAs

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