Why is accrual accounting favored over cash accounting under GAAP?

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Fundamentals Of Healthcare Finance

ISBN: 9781640553224

4th Edition

Authors: Paula H. Song, Kristin L. Reiter

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Question Posted: Apr 01, 2024 02:00 AM

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Why is accrual accounting favored over cash accounting under GAAP?

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Accrual accounting is favored over cash accounting under Generally Accepted Accounting Principles GAAP for several reasons 1 Matching Principle Accrua...View the full answer

Fundamentals Of Healthcare Finance

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