Please a) define the cash-basis accounting method and state how net income is determined using this method, b) describe accrual accounting, and c) indicate which of the two methods i.e., cash or accrual) is recommended under GAAP.

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The Answer of Please a) define the cash-basis accounting method and state how net income is determined using this method, b) describe accrual accounting, and c) indicate which of the two methods i.e., cash or accrual) is recommended under GAAP.

Please A) Define the Cash-Basis Accounting Method and State How