Disadvantages in using both the cash and the accrual basis of accounting.

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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