Why is the accrual basis of accounting generally preferred over the cash basis?

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Dec 27, 2012 01:26 AM

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Why is the accrual basis of accounting generally preferred over the cash basis?

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Fundamental Accounting Principles

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