ACC 2301-21.01.01-3B24-S2, Principles of Accounting I
Unit III Journal
Assignment Content
If you were to open a small business with the knowledge and skills you have acquired to this point, would you prefer to keep your accounting records on the cash basis or the accrual basis? Reflect on the differences between cash basis and accrual basis accounting, and explain why you selected one option over the other.
Your journal entry must be at least 200 words in length. No references or citations are necessary.