Describe how you can apply the concepts of accrual and cash accounting to your personal life or

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Describe how you can apply the concepts of accrual and cash accounting to your personal life or professional career.

Share with the group any aspects of these concepts that you find confusing or need clarified.

Pick an example transaction and share with the group how it would be accounted for under both the accrual method and the cash methods of accounting.

Related Book For answer-question

Organizational Behavior

ISBN: 978-1439042250

13th Edition

Authors: Don Hellriegel, john W Slocum

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Posted Date: Nov 27, 2018 02:48 AM

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Describe how you can apply the concepts of accrual and cash accounting to your personal life or

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In accrual method revenues are recognized when they are earned In accrusl method raceivables are rec... View the full answer

Organizational Behavior

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