QUESTIONS 172 THROUGH 176 REFER TO THE FOLLOWING ARTICLECASH METHOD OF...

173.What is the major difference between thesometimes imaginary) point in time. As aaccrual method and cash method of reference point for a business’ success, it is theaccounting?standard. However, using cash flow as a referencea. what kinds of sales are recordedpoint gives a more dynamic picture of a business’b. when a sale is recordedsuccess based on a constant comparison ofc. whether a business uses mostly cash oravailable cash to expenses. A business owner’screditunderstanding of his own success can depend ond. how many times a month sales are recordedwhich of these models he works from.