What is the ACCRUAL METHOD of Accounting?
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What is the Accrual Method of accounting? In the Accrual Method of accounting, revenue is recognized as it's earned and
expenses are recorded as they are incurred. Not when cash changes hands.
It's more complicated than the cash method. But it allows you measure your profit with accuracy! Because the Accrual Method applies the Revenue Recognition Principle and the Matching Principle.
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