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Kie is a street vendor selling dumplings from a small stall near a very busy train station. The business is very busy with daily sales
Kie is a street vendor selling dumplings from a small stall near a very busy train station. The business is very busy with daily sales averaging $15,000 dollars per week. Dumplings are made by Kie's family and delivered daily. Kie pays his family $30,000 each month for their help.
Explain which method of recording transactions is more appropriate for Kie? Cash or Accrual??
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