There are two types of basic accounting methods: Cash Base Accounting and Accrual Base Accounting. Find an article that discusses on an organization’s accounting methods (cash-based or accrual-based) 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.
Your initial post should be 75-150 words in length.