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There are two types of basic accounting methods: Cash Basis Accounting and Accrual Basis Accounting. Find an article that discusses on an organization’s accounting methods (cash-basis or accrual-basis) or provide a real-life example. Then, share with the class the selected example’s basic accounting method and the method’s characteristics. Go to at least two other colleagues’ posts that present the other type of basic accounting method and share the difference between the methods.
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