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Differences between cash and accrual basis accounting

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Reference no: EM132486966

Question 1 - What are the differences between cash and accrual basis accounting? Provide an example of each type. Briefly explain why a company might need to adjust entries in the general ledger.

Question 2 - Evaluate how the appearance of solvency for a business changes when using cash vs. accrual accounting, noting which stakeholders might be affected and how.

Reference no: EM132486966

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