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You have started a sole-proprietorship business. Itis a department store selling groceries. You receive payment forthe sales made either through a credit card or cash. You pay yoursuppliers on a credit basis of 30 days. To efficiently manageaccounts for your sales and purchases, will you prefer the Accrualbasis accounting or the Cash basis accounting? Discuss

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9991628

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