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Discuss the key differences between cash and accrual accounting? Explain

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Discuss the key differences between cash and accrual accounting? Explain
why most health entities use accrual accounting.

-Approximately three paragraphs.
-At least one 1 peer-reviewed reference. No sources such as Investopedia or Wikipedia for your sources.
-Paragraph 1 – answer the question, supporting your answer by citing from the e-book or external sources. Terms need to be defined.
-Paragraph 2 – expand your answer by including additional information and opinions – include information from a credible (peer-reviewed) external source or a real life example and/or experience from the workplace. Choose relevant healthcare concepts and/or terminology, explain what they mean, and write how they’re relevant to this topic. Discussion on manufacturing, retail, and other examples are not relevant or substantial.
-Paragraph 3 – Summarize your answer, concluding with a thought or an opinion of your own.
-Include reference at the end of your answer.

Use references listed below:

https://saylordotorg.github.io/text_small-business-management-in-the-21st-century/s13-01-understanding-the-need-for-acc.html

http://lifa1.lyryx.com/textbooks/ANNAND_1/base2014/DauderisAnnand-IntroFinAcct-2014A.pdf

 
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