ACC 290 Week 3 Assignment Summary Question One

In this file you will find the work ACC 290 Week 3 Assignment Summary Question One

The differences between the two types of accounting begin when the accountant records revenue and expenses. In accrual basis accounting the individuals report income in the fiscal period the transaction take place regardless they received cash, and the accountants deduct expenses in the fiscal period that they incur whether or not they paid for it

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