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Week 3 DQ 1: Due Day 2 - Cloud Essays

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Week 3 DQ 1: Due Day 2

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Please post a 150-300-word response to the following discussion question by clicking on Reply.
What is the difference between cash basis and accrual basis accounting? Why do accrual basis financial statements provide more useful information than cash basis financial statements? Describe when each method (cash basis and accrual basis accounting) would be appropriate to use.

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Please post a 150-300-word response to the following discussion question by clicking on Reply.
What is the difference between cash basis and accrual basis accounting? Why do accrual basis financial statements provide more useful information than cash basis financial statements? Describe when each method (cash basis and accrual basis accounting) would be appropriate to use.

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