Is this an example of accrual accounting

Reference no: EM133475096

Question: ABC operates a clinic for animals. Two professional veterinarians are in partnership. They only accept cash payments yes to credit cards and bitcoin. Every day customers come in with their cats dogs rabbits and other small animals. 99% of customers pay with cash after the services are performed. But they almost pay for all the services that day. Is this an example of accrual accounting?

Reference no: EM133475096

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