Accrual-based accounting is not used in determining the accounting rate of return.

Name: Accrual-based accounting is not used in determining the accounting rate of return.
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Accrual-based accounting is used in determining the accounting rate of return, as it takes into account all revenue and expenses that have been earned or incurred in a given period, regardless of when cash is actually received or paid.

Accrual-Based Accounting Is Not Used in Determining the Accounting Rate