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Difference between a cash basis and an accrual basis

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Reference no: EM132761077

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Explain the difference between a cash basis and an accrual basis measure of performance.

Evaluate how, in most cases, accrual basis net income provides a better measure of performance than net operating cash flow?

Explain the purpose of adjusting entries as they relate to the difference between cash and accrual accounting.

Reference no: EM132761077

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