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What are the major reasons for accrual accounting

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Reference no: EM132766965

Problem 1: Explain the difference between the accrual basis of accounting and the cash basis of accounting?

Problem 2: What are the major reasons for accrual accounting? How are revenues and expenses defined under accrual accounting?

Problem 3: What is an audit in the context of financial accounting?

Reference no: EM132766965

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