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Difference between cash base and accrual base accounting

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Reference no: EM132932244

Question - Please answer/briefly discuss any three of the following questions.

What is the difference between cash base and accrual base accounting? What accounting method is allowed under Generally Accepted Accounting Principles.

Discuss Revenue Recognition and Matching Principles. What is the purpose of adjusting entries?

When are adjusting entries recorded? Discuss any three types of adjusting entries. What impact is on assets, liabilities, revenues and expenses if adjusting entries are not recorded?

Reference no: EM132932244

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