Question description

Financial_Accounting_6e_Ch04 (2).pdfIndividual
Exercise 2

Resource: Ch. 4 of Financial
Accounting
Complete Exercise BE4-1.
Complete Problems 4-2A & 4-3A. 
Answer the following:
· 
Commercial accounting and generally accepted accounting
principles, generally prescribe the accrual basis of accounting over the cash
basis.
· 
Describe both bases of accounting and explain the differences.
Submit as either a Microsoft® Excel® or
Microsoft® Word document

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