In order to be conservative,accrual accounting requires that expenses be recorded when incurred,but revenues are recorded only after the cash has been received.

Name: In order to be conservative,accrual accounting requires that expenses be recorded when incurred,but revenues are recorded only after the cash has been received.
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In order to be conservative, accrual accounting requires that expenses and revenues be recorded when they are earned/incurred, regardless of when the cash is received or paid.

In Order to Be Conservative,accrual Accounting Requires That Expenses Be