Solved: Difference between cash-basis and accrual-basis, Accounting Basics

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Difference between cash-basis and accrual-basis

the difference between cash-basis and accrual-basis accounting, the importance of revenue recognition and matching principles, and the role of adjusting and closing entries in the preparation of the income statement, statement of retained earnings, and balance sheet. How is cash-basis accounting different from accrual-basis accounting?

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Accounting Basics: Difference between cash-basis and accrual-basis

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