(30,000) (34,500) (15,000) (21,450) Profit 14,250 8,500 39,000 38,800 b) The accrual basis of accounting provides a better picture of a company's financial position at a moment or point in time. The reason is that all assets that were earned are reported and all liabilities that were incurred will be reported. So because of matching Principle in Accounting it would be better to use Accrual basis.…
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