Question: A small company may be able to justify using a cash basis of accounting if they have: no accountants on staff. few receivables and payables.

A small company may be able to justify using a cash basis of accounting if they have:
no accountants on staff.
few receivables and payables.
sales under $1,000,000.
all sales and purchases on account.
A small company may be able to justify using a cash

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