Tag Week Two: Basics of Accounting Details Objectives 1 1.1 Identify the importance of using the accrual method.

Basics of Accounting Details Objectives 1 1.1 Identify the importance of using the accrual method. 1.2 Apply balance statement principles to personal finances. CheckPoint Accrual Method Answerthe following questions in 200 to 300 words: · Nonprofit organizations are required to…