What is Accrual Accounting and How Can We Use It

What is Accrual Accounting and How Can We Use It?

About Accrual Accounting One of the two financial approaches is accrual accounting; the other is cash accounting. Cash accounting simply tracks transactions when they are paid, but accrual accounting monitors a company’s performance and position by recognizing economic events regardless of when financial transactions occur. Accrual accounting is a technique of accounting in which revenue…

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