Why is it appropriate to use cash basis accounting in your personal life but not in the

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Why is it appropriate to use cash basis accounting in your personal life but not in the business world?

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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Question Posted: Nov 02, 2015 05:28 AM

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Why is it appropriate to use cash basis accounting in your personal life but not in the

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Using cash basis accounting for your personal finances is acceptable because your cash in...View the full answer

Fundamentals of Financial Accounting

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