Prepare a flowchart which demonstrates how accrual accounting and cash flows are linked for a merchandise sale.

Question:

Prepare a flowchart which demonstrates how accrual accounting and cash flows are linked for a merchandise sale. Analyze the impact on the of each. Provide the required references, if applicable.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...