Accrual vs. Cash Basis Accounting

Respond to the following in a minimum of 175 words:    This week focuses on elements of the accounting equation, accrual basis and cash basis accounting, financial statements, and transactions from journals to ledgers. After studying the reading material for the week, answer the following questions.     Reflecting on the product or service of your current or past employer and discuss the difference between accrual basis and cash basis accounting? Do not disclose the name of the organization.

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