Contrasting the basic elements of cash and accrual

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Create a table comparing and contrasting the basic elements of cash and accrual accounting. Answer the following questions; How do the methods compare? How are they different? What are the strengths of each method? What are the weaknesses of each method? Include a column in the table to address each of the following: comparison, contrasts, strengths, and weaknesses. Write a 150- to 260-word summary about why accrual accounting is more appropriate for human service organization than cash accounting.

Reference no: EM131219750

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