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  5. Do bank statements alone reflect accurate accrual accounting?

Do bank statements alone reflect accurate accrual accounting?

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  • L Offline
    L Offline
    Lina
    wrote last edited by
    #1

    My CA only uses bank statements for our small business. Since we use accrual accounting, how can they truly capture income and expenses when many transactions (like invoices and bills) occur before cash actually moves?

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