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Explain the accrual basis of accounting and explain the reasons for adjusting entries. Must be 175...

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Accounting

Explain the accrual basis of accounting and explain the reasonsfor adjusting entries. Must be 175 to 200 words

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The accrual basis of accounting completely ignores cash flows Under the accrual basis of accounting revenues are reported on the income statement as and when they are earned Expenses are reported as and when they are    See Answer
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