xacc 490 week 4

Financial_Accounting_6e_Ch04 (2).pdf

Individual

Exercise 2

Resource: Ch. 4 of Financial Accounting

Complete Exercise BE4-1.

Complete Problems 4-2A & 4-3A. 

Answer the following:

·  Commercial accounting and generally accepted accounting principles, generally prescribe the accrual basis of accounting over the cash basis.

·  Describe both bases of accounting and explain the differences.

Submit as either a Microsoft® Excel® or Microsoft® Word document