Compare and contrast cash accounting methodology and accrual accounting methodology in order to illustrate how each works best for different types of companies. Provide an example of each method and how it can be applied to a small or large organization or both.

Compare and contrast cash accounting methodology and accrual accounting methodology in order to illustrate how each works best for different types of companies. Provide an example of each method and how it can be applied to a small or large organization or both.