Question
Cash Accounting vs. Accrual Accounting Watch the following youtube video then answer the following question: https://www.youtube.com/watch?v=Of2tFsfKm_8 1. Explain the advantage (if any) of using the
Cash Accounting vs. Accrual Accounting
Watch the following youtube video then answer the following question:
https://www.youtube.com/watch?v=Of2tFsfKm_8
1. Explain the advantage (if any) of using the cash basis of accounting over the accrual basis of accounting?
2. Explain how revenues are recognized under the accrual basis and cash basis? (Using examples of each).
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
