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, discuss (1) which types of businesses should use each method and (2) provide a business example and discuss why the chosenaccounting method is appropriate for that business.

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

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