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Which financial statements are accrual based and which are cash (out of the main 3)?

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  • Which financial statements are accrual based and which are cash (out of the main 3)?


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Answer #1 | 13/12 2013 15:23
They are all on the accrual basis. The Cash Flow statement converts the Income Statement and Balance Sheet to a cash basis. Sort of a trick question, don't you think?

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