4: Accrual Accounting Process Last updated Mar 8, 2024 Save as PDF 3.14: Video Activity 4.1: Why It Matters Page ID94535 OpenStaxOpenStax ( \newcommand{\kernel}{\mathrm{null}\,}\) 4.1: Why It Matters4.2: Cash versus Accrual Accounting4.3: Economic Basis for Accrual Accounting4.4: How Does a Company Recognize a Sale and an Expense?4.5: When Should a Company Capitalize or Expense an Item?4.6: What Is “Profit” versus “Loss” for the Company?4.7: Summary4.8: Key Terms4.9: Multiple Choice4.10: Review Questions4.11: Problems4.12: Video Activity