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Discuss the differences between cash and accrual accounting. What is one significant advantage of accrual accounting...

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Accounting

Discuss the differences between cash and accrual accounting.What is one significant advantage of accrual accounting over cashaccounting?

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There are two different methods of accounting of any transaction Cash basis and Accrual basis The difference between these two are as In the cash basis of accounting the revenue is recognised when cash is received and expenses when cash is paid whereas in    See Answer
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