1. What is cash accounting as opposed to accrual accounting? 2. List and explain...
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Accounting
1. What is cash accounting as opposed to accrual accounting?
2. List and explain 4 advantages of using the cash accounting basis?
3. The Ministry of Health started health services to a private health care
giver on November 1, 2015 at a cost of $120,000.00. The Ministry
completed the provision of the service on November 30, 2015. The
health care giver made part payment of $80,000.00 using cash on January 2,
2016, then pays the balance exactly 1 monthly later
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