Question: 1. Explain the difference between the Cash basis and the Accrual basis of accounting. 2. Look at the expanded accounting equation and identify which

1. Explain the difference between the Cash basis and the Accrual basis

1. Explain the difference between the Cash basis and the Accrual basis of accounting. 2. Look at the expanded accounting equation and identify which three account types increase with a debit. 3. Look at the expanded accounting equation and identify which three account types increase with a credit.

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