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Accrual accounting is used because
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Asked 4/8/2012 1:33:20 PM
Updated 12/6/2014 10:09:26 AM
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Flagged by debnjerry [12/6/2014 10:09:26 AM]
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User: Accrual accounting is used because

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Question
Asked 4/8/2012 1:33:20 PM
Updated 12/6/2014 10:09:26 AM
1 Answer/Comment
Flagged by debnjerry [12/6/2014 10:09:26 AM]
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Accrual accounting is used because it matches revenues and expenses to the period in which the transactions occur.
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Added 12/6/2014 10:09:22 AM
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Questions asked by the same visitor
An accounting record into which the essential facts and figures in connection with all transactions are initially recorded is called what?
Weegy: trial balance. (More)
Question
Updated 10/31/2015 12:18:14 PM
1 Answer/Comment
An accounting record into which the essential facts and figures in connection with all transactions are initially recorded is called general journal.
Added 10/31/2015 12:18:13 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [10/31/2015 12:19:28 PM]
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