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25 May, 20:45

Why do most large corporations use accrual accounting?

to appear more professional

It better represents the overall company finances.

It provides more detail about cash flow.

It requires less time than cash-based accounting.

I guess C.

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  1. 25 May, 22:23
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    Accrual accounting involves stating revenues and expenses as they occur, not necessarily when cash is received or paid out. In contrast, cash accounting systems do not report any income or expenses until the cash actually changes hands ... Accrual accounting is based on the idea of matching revenues with expenses.
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