Question: • Based on the video (link above), 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.
Video: Cash and Accrual - Conceptual (By AccountingWITT)
Please read and respond to the below attached post of(1) another student.
Information related to above question is enclosed below:
Attachment:- ACC100Week3Discussion.rar