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Please can you help me with those questions with explanation. Thanks 11. Which of the following statements regarding accrual versus cash-basis accounting is TRUE? A.

Please can you help me with those questions with explanation. Thanks

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11. Which of the following statements regarding accrual versus cash-basis accounting is TRUE? A. The FASB believes that cash-basis accounting is appropriate for some smaller companies, especially those in the service industry. B. Cash-basis accounting is sometimes used by small, unincorporated businesses. C. Application of cash-basis accounting results in an income statement reporting revenues and expenses. D. Cash-basis accounting requires a complete set of double-entry records. 12. The use of computers in processing accounting data A. Place responsibility on the information systems designer. B. Eliminates the double-entry system as a basis for analyzing transactions. C. Eliminates the need for financial reporting standards such as those promulgated by the FASB. D. Always increases document trails used to verify accounting records

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