Question
1) What is the difference between Accrual Accounting and Cash basis accounting? 2) What is the Accounting Principle that supports Accrual Accounting? 3) Does the
1) What is the difference between "Accrual" Accounting and "Cash" basis accounting?
2) What is the Accounting "Principle" that supports "Accrual" Accounting?
3) Does the cash basis of accounting reflect future liabilities?
4) Which method provides more consistent information?
5) Which method is considered to be part of "GAAP"?
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Essentials Of Internal Auditing CIA Part 1 2021
Authors: Muhammad Zain
1st Edition
B09B36MRH2, 979-8542949130
