M3D1: Accrual Basis Financial Statements

Watch: https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme/financial-statements-tutorial/v/balance-sheet-and-income-statement-relationship Please discuss the following: Describe the primary differences between the cash basis and accrual basis of accounting. Which accounting method provides more useful information on the financial statements? Additionally, provide an example of a revenue or expense transaction under each methodology that supports your position. Use the subject line as an advanced organizer to allow your classmates and the instructor to have some idea of what you’re posting is about, for example a subject line “response to discussion question” is not appropriate.