Illustrtae the possibly changes which the accrual accounting

Reference no: EM1330628

Meaning of Accrual basis of accounting

I want to know well about the United States Of America accounting system, here is my concern: why "accrual" accounting is the best practice and why it should be used, what could be the possibly changes that the "accrual" accounting or the "cash basis" could bring into the financial statements.

Reference no: EM1330628

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