Assume that you opened a restaurant in your hometown, and you decided to take the knowledge and skills you learned in this class and be your own accountant. Discuss whether you would prefer to keep your accounting records on a cash basis or an accrual basis. Explain how and why you selected one basis over the other.

Assume that you opened a restaurant in your hometown, and you decided to take the knowledge and skills you learned in this class and be your own accountant. Discuss whether you would prefer to keep your accounting records on a cash basis or an accrual basis. Explain how and why you selected one basis over the other.

Please include the name of the person or question to which you are replying in the subject line. For example, “Tom’s response to Susan’s comment.”

Unit III Discussion Board QuestionCOLLAPSE

Assume that you opened a restaurant in your hometown, and you decided to take the knowledge and skills you learned in this class and be your own accountant. Discuss whether you would prefer to keep your accounting records on a cash basis or an accrual basis. Explain how and why you selected one basis over the other.

Please include the name of the person or question to which you are replying in the subject line. For example, “Tom’s response to Susan’s comment.”