ACC 100 Accounting I Week 3 Discussion 1

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xxrlf71

Business Finance

Description

"Accounting Adjustments" Please respond to the following:


  • Watch Accounting WITT’s video:

  • Next, explain the major advantages and disadvantages inherent in using both the cash and the accrual basis of accounting. Then, determine the one (1) that you believe provides the most useful financial information to users. Identify at least two (2) types of businesses that would benefit by preparing financial statements using either the cash or accrual basis of accounting. Justify your response.


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Explanation & Answer


Anonymous
I was struggling with this subject, and this helped me a ton!

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