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Explain in detail the following question with examples for clarity of concepts How revenue and expenses are recognised under accrual accounting system. How revenue and

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Explain in detail the following question with examples for clarity of concepts How revenue and expenses are recognised under accrual accounting system. How revenue and expenses are recognised under Cash flow based system. Why profit maximization criterion is not universally accepted criterion for financial decision making? Why wealth maximization is considered superior criterion for financial decision making

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