The gathering of related revenues and expenses into the same period,regardless of when cash is actually received or paid,is:

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Accrual accounting is the method of recognizing revenues and expenses in the accounting period in which they are earned or incurred, regardless of when cash is actually received or paid. This process results in a more accurate representation of the company's financial performance for the given period. Cash-basis accounting, on the other hand, only recognizes transactions when cash is received or paid, which can lead to misleading financial statements. Market-value and book-value accounting are terms that refer to specific methods of valuing assets and liabilities, rather than to the recognition of revenues and expenses.

The Gathering of Related Revenues and Expenses into the Same