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Why the accrual basis of accounting? There are many differences in the accounting standards (GAAP) of different countries, but GAAP in virtually all countries requires

Why the "accrual basis of accounting"?

There are many differences in the accounting standards (GAAP) of different countries, but GAAP in virtually all countries requires the use of the accrual basis of accounting. Why do you think that the accrual basis of accounting is required by all countries' GAAP, and why does now country's GAAP allow the cash basis of accounting?

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