cash and accrual methods of accounting

Jun 14th, 2016
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The short paper explains what the two methods are and how they are recorded. it takes a random company that has chosen t use the cash method and explains why and looks at the advantages and disadvantages of inhouse accounting versus outsourcing.

Word Count: 1247
Showing Page: 1/6
1Running Head: THE BENEFITS OF RUNNING ONES OWN SMALL BUSINESSTHE BENEFITS OF RUNNING ONES OWN SMALL BUSINESSNAME OF STUDENT:NAME OF PROFESSOR:NAME OF COURSE:DATE:THE BENEFITS OF RUNNING ONES OWN SMALL BUSINESS2Introduction.Leaving Your Career To Start Your Own Small Business.The main reason someone attends school is to acquire good grades that would enable himto join some of the best colleges. In college he or she strives to graduate with honors. Theyeventually get employed in some prestigious firm with a prestigious pay with some very goodbenefits. Things are smooth and most people are always content working for someone else butsome people realize that there is something missing in their lives. It is at this point that theydecide to leave their well-paying career and embark on a small private business.Running your own business, no matter how small it is allows you to be your ownemployer rather than a corporate employee (Graham, 2011). One becomes his own boss and heacquires employees who do the tasks that are required. Running ones own business comes withpower to execute a business plan to ones own liking. The business is the sole responsibility ofthe entrepreneur and whether it flourishes or fail is up to him or her. This sense of responsibilitybrings out the best in people and someone who was a lazy employee all of a sudden becomesmotivated and determined.The potential income from running ones own business cannot be understat

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