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Explain advantages of both accounting

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Reference no: EM131954389

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

Reference no: EM131954389

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