_________________ accounting is more reliable than other methods in predicting future cash flows.

Question

Quizplus · Accepted Answer

Accrual-based accounting records revenue and expenses when they are earned or incurred, regardless of when the actual cash is received or paid. This gives a clearer picture of a company's financial performance and future cash flows compared to cash-based accounting, which only records revenue and expenses when cash is exchanged.

_________________ Accounting Is More Reliable Than Other Methods in Predicting