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Chapter 4 explained the concept of accrual accounting and two of its principles, 1) the revenue recognition principle and 2) the matching principle. Discuss these
Chapter 4 explained the concept of accrual accounting and two of its principles, 1) the revenue recognition principle and 2) the matching principle. Discuss these two principles and why they are important in corporate accounting. How does this assist investors and creditors? Do you think this adds difficulty to accounting transactions and accounting departments when recording transactions? Does this mean there are accurate financial statements
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