https://www.youtube.com/watch?v=aPwdgUDXkkE&feature=youtu.be

Watch Accounting WITT’s video titled “Cash and Accrual – Conceptual”:

• Based on the video, 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.
• Justify your response.

https://www.youtube.com/watch?v=aPwdgUDXkkE&feature=youtu.be

Watch Accounting WITT’s video titled “Cash and Accrual – Conceptual”:

• Based on the video, 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.
• Justify your response.