3 years ago

Is it better for a company to have cash-basis accounting or accrual-basis accounting? Why? i need this rn

1 answer:

7 0

If the company is looking for additional finacing opportunities, banks and other investors usally ask for the finacial information in the accrual method of accounting. in general, the accrual method of accounting provides a better picture into If the financial results of the company.

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