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    Business
  3. Study Set
    Contemporary Accounting
  4. Exam
    Exam 2: Types of Organisations and the Financial Reporting Framework
  5. Question
    Accrual Accounting Refers to the Method of Measuring Profit on the Basis
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Accrual Accounting Refers to the Method of Measuring Profit on the Basis

Question 36

Question 36

True/False

Accrual accounting refers to the method of measuring profit on the basis of cash flow, rather than when revenues and expenses occur.

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