help with accounting 20

I need 200 words for each question

1. We just ran our post-closing trial balance and everything’s perfect! You are the accountant for this company.
   • Explain why you want reversing entries to be used
   • Explain why you would not want to use reversing entries
2. What kind of company(ies) would use cash accounting? Explain why. How does it differ from accrual accounting?

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