Luis Gallen is struggling to understand the difference between Cash and Accrual based accounting. He has asked you to explain the difference between the two types of approaches. Discussion Topic: Provide a response to Lewis that would help him understand the differences between Cash and Accrual based accounting. A thorough and substantive response would include all of the following: 1. A definition of each type of methodology. 2. An example of how a transaction would be different based upon which accounting approach adopted. 3. Your recommendation of which type of approach he should adopt and why.