Question: There are two types of basic accounting methods; Cash Base Accounting vs. Accrual Base Accounting. Discuss the differences between each of these methods. Please provide

There are two types of basic accounting methods; Cash Base Accounting vs. Accrual Base Accounting. Discuss the differences between each of these methods. Please provide the different accounting treatments (i.e. journal entries) of the following transaction for both Cash Base Accounting vs. Accrual Base Accounting:

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