Pros and cons of accrual accounting and cash accounting

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The pros and cons of Accrual Accounting and Cash Accounting have been a subject of debate for quite some time. Today, Accrual Accounting is the more prevalent method of accounting. However, it was not all that long ago that Cash Accounting was the predominant method of accounting. Discuss some of the reasons you believe Accrual Accounting has displaced Cash Accounting ?as the predominant method of accounting and any potential problems/pitfalls that Accrual Accounting ?might

Reference no: EM131054832

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