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Matching or Accrual
The accrual concept makes a distinction among the receipt of cash and the right to receive it, and the payment of cash and legal obligation to pay it. In fact business operations, the obligation to pay and the actual movement of cash might not coincide.
The accrual concept needs recognition of revenue and expenses on a comparable basis that is revenue and expense are allocated to a particular accounting period on a consistent basis.
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answers for the personal finance literacy 2nd edition workbook answers chapter 9(obtaining and protecting your credit)
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discuss the applicability of an operating cycle to poultry business in uganda.
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