What is the difference between cash basis and accrual basis accounting? Why do accrual-basis financial statements provide more useful information than cash basis financial statements? Describe when each method (cash basis and accrual basis accounting) would be appropriate to use.
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What is the difference between cash basis and accrual basis accounting? Why do accrual-basis financial statements provide more useful information than cash basis financial statements? Describe when each method (cash basis and accrual basis accounting) would be appropriate to use.
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