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26 December, 04:07

When does accrual basis accounting record a transaction?

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Answers (2)
  1. 26 December, 05:27
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    The main difference between accrual and cash basis accounting is the timing of when revenue and expenses are recognized.
  2. 26 December, 07:39
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    When does accrual basis accounting record a transaction? When under new ownership.
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