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Bookkeeping 101 Part 2 (Accrual Accounting Method) - MARK LIVE DAILY
Accrual Method There are two main methods of accounting (or bookkeeping): Accrual method Cash method The accrual method of accounting is the preferred method because it provides: a more complete reporting of the company’s assets, liabilities, and stockholders’ equity at the end of an accounting period, and a more realistic reporting …