Would prefer to keep your accounting records on a cash basis

Assignment Help Accounting Basics

Reference no: EM132863837 , Length: word count: 200

Question 1: If you were to open a small business with the knowledge and skills you have acquired to this point, would you prefer to keep your accounting records on a cash basis or an accrual basis? Reflect on the differences between cash basis and accrual basis accounting, and explain why you selected one option over the other.

Reference no: EM132863837

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