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

Name: Generally Accepted Accounting Principles (GAAP)require the use of accrual accounting.
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GAAP require the use of accrual accounting which recognizes revenues and expenses when they are earned and incurred, respectively, regardless of when cash is received or paid. This provides a more accurate representation of a company's financial performance and position.

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