Question

Answer the following accounting related questions:

a. Explain the difference between the accrual basis ofaccounting and the cash basis of accounting.

b. Define the matching principle.

c. How are revenues and expenses defined under accrualaccounting?

d. What are the double entry accounting system and the dualityconcept? How are they related?

e. What is the basic accounting equation?

Approximately 2 paragraphs perquestion (reference/ source material- Chapter 8 textbook).

Reference/ Textbook: | Essentials of Health Care Finance |Edition: 7

citation APA style.

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