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Question (Category: homework )
XACC280 Xacc 280 Week 3 DQ2 Discussion Question 2 Due Date: Day 4 posted in the Main forum Post your response to the following: What is the difference between the cash basis of accounting and the accrual basis of accounting? Which one would you select for a company that has inventory and why? Does the size of the company make a difference? Explain how. What would be the advantages and disadvantages of using one basis of accounting over the other? Respond to your classmates by commenting on which basis of accounting might be best for a large company with inventory and a small company with inventory. Also, comment on the advantages of each basis of accounting.

Answer by Matt D. (Purchased 5 times and rated )