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Describe how you can apply the concepts of accrual and cash accounting to your personal life or professional career. Share with the group any aspects
Describe how you can apply the concepts of accrual and cash accounting to your personal life or professional career.
Share with the group any aspects of these concepts that you find confusing or need clarified.
Pick an example transaction and share with the group how it would be accounted for under both the accrual method and the cash methods of accounting.
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