Explain pros-cons of cash and accrual basis of accounting


Questions:

• Watch Accounting WITT's video titled "Cash and Accrual - Conceptual":

• Click here to open the video in a new window.

• Based on the video, explain two advantages and two disadvantages in using both the cash and the accrual basis of accounting.

• Then, determine the one that you believe provides the most useful financial information to users.

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Accounting Basics: Explain pros-cons of cash and accrual basis of accounting
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