Which of the following statements about the accrual accounting is NOT true?

Question 13

Select one:

Accrual accounting income for a given period always provides a precise picture of a companys economic performance in this period.

It is normal that accrual accounting revenue for a period does not correspond to cash receipts for the same period.

Accrual earnings help measure a companys performance better.

Accrual accounting better matches revenue with economic effort to receive it.