Accrual accounting is more complex than the cash basis.

Name: Accrual accounting is more complex than the cash basis.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Accrual accounting records revenue and expenses as they are earned or incurred, regardless of when cash exchanges hands. This requires tracking accounts receivable and payable, adjusting entries, and other complex accounting procedures, making it more complex than the cash basis, which records transactions only when cash is exchanged.

Accrual Accounting Is More Complex Than the Cash Basis