XACC 290 Week 4 Exercise 2

XACC 290 Week 4 Exercise 2
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Resource: Ch. 4 of Financial Accounting
Complete Exercise BE4-1.
XACC 290 Week 4 Exercise 2

Complete Problems 4-2A & 4-3A.
Answer the following:

• Commercial accounting and generally accepted accounting principles, generally prescribe the accrual basis of accounting over the cash basis.
• Describe both bases of accounting and explain the differences.

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