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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 1: Introduction to Business Activities and Overview of Financial Statements and the Reporting Process
  5. Question
    As a Basis for Measuring Performance for a Particular Accounting
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As a Basis for Measuring Performance for a Particular Accounting

Question 78

Question 78

Essay

As a basis for measuring performance for a particular accounting period, the cash basis of accounting has three weaknesses.Briefly describe the three weaknesses.

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