https www youtube com watch v aPwdgUDXkkE feature youtu be Watch Accounting WITT s video titled Cash and Accrual Conceptual Based on the video explain two 2 2024

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Watch Accounting WITT’s video titled “Cash and Accrual – Conceptual”:

https www youtube com watch v aPwdgUDXkkE feature youtu be Watch Accounting WITT s video titled Cash and Accrual Conceptual Based on the video explain two 2

 

Watch Accounting WITT’s video titled “Cash and Accrual – Conceptual”:

  • 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.