Generally Accepted Accounting Principles (GAAP)require the use of the accrual basis of accounting.

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GAAP requires the use of accrual basis of accounting rather than cash basis. This means that revenues are recorded when they are earned, regardless of when they are received, and expenses are recorded when they are incurred, regardless of when they are paid. This provides a more accurate representation of a company's financial position and performance.

Generally Accepted Accounting Principles (GAAP)require the Use of the Accrual