These are the different terminology of accounting. what does specifically this picture say about and explain the steps of this picture?

B) Why do accrual-basis financial statements provide more useful information than cash-basis statements? Explain.

C) Think about a situation where you are a potential investor and you want to invest in a pharmaceutical Industry. If you want to decide which company is financially more strong in that case the company should follow which rules of GAAP so that they can easily compare and make the right decision of Investment? Explain.

D) Teer company which makes ata ,moida, and suji. For making this product they used various raw materials which the company purchase from various suppliers. If the Teer company didnt pay the amount at the committed time period to the supplier then against which the supplier should sue. Following which rules of GAAP, they should do this? Explain.

Question -2 A) 3X4=12 1. Identification of Transaction 13. Post Closing Trial Balance 2. Source Documents 12. Closing Entries 3. Recording in Journal 11. Cash Flow Statement 4. Posting to Ledger 10. Balance Sheet 5. Preparing Trial Balance 9. Statement of Owner Equity 6. Making Adjustment Entries 8. Income Statement 7. Prepare Adjusted Trial Balance