Using sales as an example, explain how a sale would impact the income statement and balance sheet by comparing the cash basis of accounting and the accrual basis of accounting.
Starting on Page 542 of Principles of Accounting, you are introduced to several
elements of internal control. Identify two strategies that you have seen in action and
describe how those two strategies were implemented. In addition, identify one strategy
that you think is most applicable to your current job or a job/role/department you may
have in the future.
Franklin, M., Graybeal, P., & Dixon, C. (2019). Principles of
Accounting, Volume 1, Financial Accounting.