Accrual based accounting results in income and cash flow being:

Name: Accrual based accounting results in income and cash flow being:
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Accrual based accounting recognizes income when earned and expenses when incurred, regardless of when the cash is received or paid out. This means that income and cash flow can be different, as income may be earned but not yet received as cash (such as through accounts receivable), or expenses may be incurred but not yet paid in cash (such as through accounts payable).

Accrual Based Accounting Results in Income and Cash Flow Being