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Accrual accounting, Accruals, Spontaneous source of funds : Accural basics accounting uses the adjusting process to recognize revenues when earned and to match expenses with revenues.
Sub: Accounts Topic: Cost and Revenues Question: Why are accruals called spontaneous sources of funds, what are their costs, and why don’t firms use more of them. ClassOf1 provides expert guidance to College, Graduate, and High school students on homework and assignment problems in Math, Sciences, Finance, Marketing, Statistics, Economics, Engineering, and ma
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