The purpose of accrual accounting is to measure the amounts of cash received and paid during the period.

Name: The purpose of accrual accounting is to measure the amounts of cash received and paid during the period.
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Quizplus · Accepted Answer

The purpose of accrual accounting is to record and recognize revenue and expenses when they are earned or incurred, regardless of when cash is received or paid. The focus is on the economic activity of the business, not just the cash flow.

The Purpose of Accrual Accounting Is to Measure the Amounts