The Week 2 Discussion consists of two separate questions. You will answer one of the two questions. The chosen question needs to be answered with an initial post.
(1st question) What are the differences between cash and accrual basis accounting? Provide an example of each type. Briefly explain why a company might need to adjust entries in the general ledger.
What are the differences between cash and accrual basis accounting? Provide an example of each type
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