[Solved] Assignment 219332

Assignment Details

Subject: Business    / Accounting
QuestionIn 250 words with references for full credit.(1st question) What are the differences between cash and accrual basis accounting? Provide an example of each type. Briefly explain why a company might need to adjust entries in the general ledger.(2nd question) Evaluate how the appearance of solvency for a business changes when using cash vs. accrual accounting, noting which stakeholders might be affected and how.