Cash and accrual accounting

Write the following questions in an essay format:

  1. Explain the difference between cash and accrual accounting. Please provide an example that is health care related.
  2. Explain the difference between gross revenue and net revenue. Please provide an example that is health care related.
  3. Explain the difference between operating income and net income. Please provide an example that is health care related.
  4. Why is net income called the “bottom line’?

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