Accounting – Cash & Accrual – Concepts

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  • Please review the video Cash and Accrual – Conceptual
  • Explain the major advantages and disadvantages inherent in using both the cash
    and the accrual basis of accounting. Then, determine the one (1) that you
    believe provides the most useful financial information to users. Identify at
    least two (2) types of businesses that would benefit by preparing financial
    statements using either the cash or accrual basis of accounting. Justify your
    response.
 
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