XACC 280 Week 3 Discussion Question 1 & 2

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DQ1

 

What would be the effect of removing either the Matching Principle or the Revenue Recognition Principle from the process?  Use a concrete example of how doing so might affect accounting in a given period.

 

 

 

DQ2

 

         What is the difference between the cash basis of accounting and the accrual basis of accounting?  Which one would you select for a company that has inventory and why?  Does the size of the company make a difference?  Explain how.  What would be the advantages and disadvantages of using one basis of accounting over the other?

 

 

    • 8 years ago
    XACC 280 Week 3 Discussion Question 1 & 2
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