ACC 100 WEEK 3 DISCUSSION LATEST-STRAYER

ACC 100 WEEK 3 DISCUSSION LATEST-STRAYER

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ACC 100 Week 3 Discussion Latest-Strayer

ACC100

ACC 100 Week 3 Discussion Latest-Strayer

Week 3 DQ

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

Click here to open the video in a new window.

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.

 

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