XACC290 week 3 assignment

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Accrual and Cash Accounting

Write a 200- to 300-word paragraph answering the following questions:

·  What is the difference between accrual and cash accounting?

·  When might an accountant use cash basis accounting without violating generally accepted accounting principles?

Format your paragraph consistent with APA guidelines.

By Sunday

Financial_Accounting_6e_Ch04 (1).pdf