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Cash basis-accrual basis of accounting


Question 1: Explain the difference between the cash basis and accrual basis of accounting?

Question 2: When would you use the cash basis? Accrual basis?

Question 3: Which one is better? Why?

Question 4: What experience, if any, have you had with these bases of accounting?

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Accounting Basics: Cash basis-accrual basis of accounting
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