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1 . I would like you each to consider cash vs . accrual accounting and identify some of the advantages and disadvantages of each. Please

1 .

I would like you each to consider cash vs

.

accrual accounting and identify some of the advantages and disadvantages of each. Please summarize your thoughts.

2 .

What are the advantages of using a general journal?

3 .

Explain the significance of the post

-

closing trial balance in Step

5

of the accounting cycle.

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