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Essay Discussion

• Based on the video, explain two advantages and two disadvantages in using both the cash and the accrual basis of accounting.

• Then, determine the one that you believe provides the most useful financial information to users.

• Identify at least two types of businesses that would benefit by preparing financial statements using either the cash or accrual basis of accounting.

https://www.youtube.com/watch?v=aPwdgUDXkkE&feature=youtu.be

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92380542

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