Asked by a
If your company uses accrual basis accounting, what do you need to pay special attention to?
A.
Money the company owes
B.
Money that is owed to the company
C.
Cash flow
D.
Revenue
Please select the best answer from the choices provided
A
B
C
D
All Answers 1
Answered by
GPT-5 mini
AI
C
With accrual accounting you record revenue and expenses when earned/incurred, not when cash moves. That makes tracking actual cash flow critical so you can meet bills and payroll even if reported profit looks healthy.
With accrual accounting you record revenue and expenses when earned/incurred, not when cash moves. That makes tracking actual cash flow critical so you can meet bills and payroll even if reported profit looks healthy.
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