Accounting Comparison

timer Asked: Dec 15th, 2018
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Question description

Write a 350- to 700-word paper of the differentiation and uses of cash versus accrual accounting - may also mention modified cash accounting method or other blends.

Include a diagram comparing accrual and cash accounting (either in the paper or an attachment).

Cite 3 peer-reviewed, scholarly, or similar references to support your paper.

Review the grading rubric to be sure you understand how the assignment will be graded.

Submit the assignment with a cover page.

Click the Assignment Files tab to submit your assignment

Tutor Answer

School: Rice University


Running Head: ACCOUNTING


Accounting Methods
Student’s Name
University Affiliation



Accounting Methods define a set of rules followed by a business organization in
expressing their expenditures and their revenues. There are two major accounting methods
namely; cash basis accounting and accrual basis accounting as asserted by Plaff (2014).
Illustration Diagram
The table below illustrates the differences between cash accounting and accrual
accounting methods.

Cash Accounting

Accrual Accounting

Only records incomes and expenses in terms

Revenues and expenditures are recognised

of cash.

when deals are settle...

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