Question
The application of the accrual accounting principle and the cash accounting principle in recognising revenues and expenses could result in the amount of profit reported
The application of the accrual accounting principle and the cash accounting principle in recognising revenues and expenses could result in the amount of profit reported in a period to be different from the total cash in the period. Explain why this difference could happen.
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
12th Edition
0324100949, 978-0324100945
