If you were to open a small business with the knowledge and skills you have acquired to this point, would you prefer to keep your accounting records on the cash basis or the accrual basis? Reflect on the differences between cash basis and accrual basis accounting, and explain why you selected one option over the other.

Answer rating: 100% (QA)

I would prefer to keep my accounting records on the accrual basis Accrual basis accounting recognizes revenue and expenses when they are earned or inc... View the full answer