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Difference between cash and accrual basis of accounting

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Question: The timing of recording financial transactions is important. Explain the difference between cash and accrual basis of accounting in terms of when transactions are recorded. Is one more beneficial than the other? Explain your answer. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132388500

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