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  • Which of the following accounting systems produces more a...
Multiple choice

Which of the following accounting systems produces more accurate result of profits or losses?

  1. Cash system

  2. Mercantile system

  3. Both cash and mercantile system

  4. Accounting period concept

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

It considers all cash and acrual transactions and thus, is more accurate.

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