1. DEVRY ACCT 224 W EEK 6 Y OU D ECIDE A SSIGNMENT B USINESS T AX C ONCEPTS Check this A+ tutorial guideline at http://www.assignmentcloud.com/acct-224/acct-224-week-6-you-decide- assignment-business-tax-concepts For more classes visit http://www.assignmentcloud.com 1. What constitutes a business expense? 2.What are the differences between cash and accrual basis accounting? Provide an example of each type. Briefly explain why a company might need to adjust entries in the general ledger. Be sure to address the classes and types of adjusting entries. 3.Evaluate how the appearance of solvency for a business changes when using cash vs. accrual accounting, noting which stakeholders might be affected and how.