I need help with my assignment

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I need help with my assignment

Each question 75-150 words

1. There are two types of basic accounting methods: Cash Base Accounting and Accrual Base Accounting. Find an article that discusses on an organization’s accounting methods (cash-based or accrual-based) or provide a real-life example. Then, share with the class the selected example’s basic accounting method and the method’s characteristics. Go to at least two other colleagues’ posts that present the other type of basic accounting method and share the difference between the methods.

2. US GAAP mandates for proper accrual journal entries to comply with the matching principle. Find an article that discusses how a business utilizes accrual journal entries. Then, present a summary of the article or provide a real-life example. Go to at least 2 other colleague’s posts and discuss how the accrual journal entries impacted the business’ financials.