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What is Accrual accounting?

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Accrual accounting is an accounting method that measures the performance and position of a company by recognizing economic events regardless of when cash transactions occur. read more

The cash method and the accrual method (sometimes called cash basis and accrual basis) are the two principal methods of keeping track of a business's income and expenses. In most cases, you can choose which method to use. read more

Since the accrual method conforms to GAAP, the set of guidelines and rules used to prepare and standardize the financial reports of both public and private companies in the U.S., accrual accounting is widely considered to be the standard (and oftentimes more accurate) accounting method for most companies. read more

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