Businesses elect to use different accounting approaches. Two of the popular approaches are accrual and cash basis accounting methods. If you opened a small business, would you use the cash basis or the accrual basis of accounting? What factors would you consider in your decision?

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Businesses elect to use different accounting approaches. Two of the popular approaches are accrual and cash basis accounting methods.

If you opened a small business, would you use the cash basis or the accrual basis of accounting?
What factors would you consider in your decision?

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