Hello, I need help answering these questions. I do not understand what Cash/Accrual is. Thanks in advance

Small businesses make up about 80% of all U.S. businesses, and while entrepreneurship is a driving force, owners often run without proper subject knowledge in accounting. Some businesses were found to have fraudulently improved reported income by concealing expenses in inconsistent accounting methods by switching between cash and accrual systems.

If you were to create a business, What would it be?

What methodology would you prefer to run your business under (explain with reasoning)?

With Cash/Accrual each coming with their own pros/cons, what appeals to the selection you made?