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  2. If you opened a small business, would you use the cash basis or the accrual basis of accounting? What factors would you consider in your decision?

If you opened a small business, would you use the cash basis or the accrual basis of accounting? What factors would you consider in your decision?

Topic: principle of accounting

Paper details:

Assignment Details

Businesses elect to use different accounting approaches. Two of the popular approaches are accrual and cash basis accounting methods.

If you opened a small business, would you use the cash basis or the accrual basis of accounting?
What factors would you consider in your decision?


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