ACC 280 Principles of Accounting Week 2 DQ 2 - 2101

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Which basis of accounting do most companies use, cash or accrual? Why?  Which method is approved by GAAP? Why? What are the positives and negatives of each?  Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not? What transactions might fall under a dual method?

Responses should be between 200-300 words.




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ACC 280 Principles of Accounting Week 2 DQ 2.docx
ACC 280 Princip...