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Cash basis of accounting-accrual basis of accounting

Question: What is the difference between the cash basis of accounting and the accrual basis of accounting? Which one would you select for a company that has inventory and why? Does the size of the company make a difference? Explain how. What would be the advantages and disadvantages of using one basis of accounting over the other?

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Finance Basics: Cash basis of accounting-accrual basis of accounting

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Finance Basics: Cash basis of accounting-accrual basis of accounting

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