Review"Accrual Basis vs. Cash Basis Accounting"(Micah Fraim, Score Blog).

Apply these concepts to your own (real or imagined) business. What type of service or product does your business offer? (You may also use a real life example, such as a business you own now, one you aspire to own, or a family-owned business.) Based on your business's needs, what form of accounting--cash, or accrual--would be best for your company? Why?