Class-Question

This is a question in my class that needs to be answer with at least 150 words. I would like for you to use your own words, but if not Cite-in-text with reference. No Plagiarism

How would you describe the difference between cash basis accounting and accrual basis accounting? What types of companies are required to use accrual basis of accounting? Are there any companies that can use cash basis accounting?

 

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