What is the difference between cash and accrual accounting? What is the difference between single and double entry accounting?

| June 13, 2018


What is the difference between cash and accrual accounting?

What is the difference between single and double entry accounting?

Pedro’s Pasta purchases a car for $8,800 using a loan from the bank suppler.  Referring to double entry accounting, what are the two effects of action?   Show how you would record the transaction in the ledger.

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