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?

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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