What is the difference between the cash basis of accounting and the accrual basisof accounting?

Question by Gee: What is the difference between the cash basis of accounting and the accrual basisof accounting?
· What is the difference between the cash basis of accounting and the accrual basisof accounting?
· Which one (cash basis or accrual basis) would you select for a company that has inventory? Why?
· Does the size of the company make a difference in which basis – cash or accrual – is used? Explain how it makes a difference.
· What would be the

Corporate Finance