Question: Please I need assistance with my assignment. What is the difference between accrual-basis accounting and cash-basis accounting? Should a government employ a cash-basis accounting system

Please I need assistance with my assignment.

  • What is the difference between accrual-basis accounting and cash-basis accounting?
  • Should a government employ a cash-basis accounting system or an accrual-basis system, what are the Pros and Cons?

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