Watch the video Cash and Accural Conceptual Accounting WITT 4minutes 44 seconds long on YouTube Based on the
Watch the video Cash and Accural- Conceptual (Accounting WITT: 4minutes 44 seconds long) on YouTube
- Based on the video, explain two (2) advantages and two (2) disadvantages in using both the cash and the accrual basis of accounting.
- Then, determine the one (1) that you believe provides the most useful financial information to users.
- Identify at least two (2) types of businesses that would benefit by preparing financial statements using either the cash or accrual basis of accounting.
- Justify your response.