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You have started a sole-proprietorship business. It is a department store selling grocerie

You have started a sole-proprietorship business. It is a department store selling groceries. You receive payment forthe sales made either through a credit card or cash. You pay your suppliers on a credit basis of 30 days. To efficiently manage accounts for your sales and purchases, will you prefer the Accrual basis accounting or the Cash basis accounting? Discuss.

Apr 30 2018 View more View Less

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