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This paper defines and compares two concepts in accounting - the cash basis and the accrual basis. It shows that the cash basis of accounting is more likely to be used by service businesses than by retail or manufacturing businesses. The paper also provides an example in table form to show the differences between the two systems.
Cite this Comparison Essay:
Accounting (2003, August 18) Retrieved June 20, 2019, from https://www.academon.com/comparison-essay/accounting-29969/
"Accounting" 18 August 2003. Web. 20 June. 2019. <https://www.academon.com/comparison-essay/accounting-29969/>