Accounting calculation

User Generated

fyvzpnfu50

Business Finance

Question Description

What is the accrual method of accounting? does it effect balance sheet?

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Explanation & Answer

Accrual accounting : An accounting method that measures the performance and position of a company by recognizing economic events regardless of when cash transaction occurs.

Yes! It affects the balance sheet 

Ovyny_Zhefnyrra (8860)
University of Maryland

Anonymous
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