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

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


Ch 4 attached
Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2011). Financial accounting: Tools for business decision making (6th ed.). Hoboken, NJ: John Wiley & Sons.

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