Which of the following is an advantage of accrual accounting?
A)It does not require any judgment.
B)It provides more relevant information.
C)It does not provide more reliable information.
D)It records all economic events.

Question

Quizplus · Accepted Answer

Accrual accounting records revenue and expenses when they are earned or incurred, regardless of when the actual cash is received or paid, providing more relevant information about a company's financial performance.

Which of the Following Is an Advantage of Accrual Accounting