Compare and contrast the statement of profit or loss and other comprehensive income and statement of financial position.What is important to know about each statement to determine how a company performed during the year?
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a.Accrual-basis accounting
b.Cash-basis
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Q85: Match the term with its definition.
a.Accrual-basis accounting
b.Cash-basis
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a.Accrual-basis accounting
b.Cash-basis
Q98: Match the term with its definition.
a.Accrual-basis accounting
b.Cash-basis
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