XACC 290 Week 4 Exercise 2

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https://uopcourses.com/category/xacc-290/




Individual
Exercise
2


Resource: Ch.
4 of Financial Accounting
Complete Exercise BE4-1.
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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