Accruals and Deferrals AICPA Adapted Generally accepted accounting principles require the use of accruals and deferrals in the determination of income Required 1. How does accrual accounting affect the determination of income? Include in your discussion what constitutes an accrual and a deferral, and give appropriate examples of each. 2. Contrast accrual accounting with cash accounting.
Accruals and Deferrals AICPA Adapted Generally accepted accounting principles require the use of accruals and deferrals in the determination of income Required 1. How does accrual accounting affect the determination of income? Include in your discussion what constitutes an accrual and a deferral, and give appropriate examples of each. 2. Contrast accrual accounting with cash accounting.
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Accruals and Deferrals
AICPA Adapted Generally accepted accounting principles require the use of accruals and deferrals in the determination of income
Required
1. How does accrual accounting affect the determination of income? Include in your discussion what constitutes an accrual and a deferral, and give appropriate examples of each.
2. Contrast accrual accounting with cash accounting.
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