Question

What is one disadvantage of accrual accounting?

Answer 1

One disadvantage of accrual accounting can be that it is very complicated and therefore requires considerable time and resources that is not possible for a small business owner.

Also read:

• Difference Between Cash Basis and Accrual Basis of Accounting
• Accrual Basis of Accounting
• GAAP Generally Accepted Accounting Principles
• Difference Between GAAP and IFRS

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