Accrual accounting is an accounting system in which revenues are recognized when they are not earned and expenses are recognized when they are not incurred.

Name: Accrual accounting is an accounting system in which revenues are recognized when they are not earned and expenses are recognized when they are not incurred.
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Accrual accounting is an accounting system in which revenues are recognized when they are earned and expenses are recognized when they are incurred.

Accrual Accounting Is an Accounting System in Which Revenues Are