its just lunch is a nationwide service company that arranges lunch dates for clients its just lunch collects cash up f/

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Write a report (or prepare an oral presentation, as directed by your professor) to ­address the following considerations:
1. Will the business use the cash basis or the accrual basis of accounting? Give a complete explanation of your reasoning.
2. How often will financial statements be prepared? Why? Discuss how the ­business will use each financial statement.
3. What kind of revenue will the business earn? When will the business record it as revenue?
4. What kind of expenses will the business incur? When will expenses be recorded?

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