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2 December, 14:18

The type of accounting required by gaap is: a. accrual.

b. hybrid cash.

c. cash.

d. modified cash.

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Answers (1)
  1. 2 December, 15:42
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    GAAP requires you to use accrual based accounting (where revenue is earned and expenses are incurred) and not cash based.

    So, The type needed is choice A.
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