The two major basis of accounting are: 1) the cash-basis and 2) the accrual-basis. Generally Accepted

The two major basis of accounting are: 1) the cash-basis and 2) the accrual-basis. Generally Accepted Accounting Principles (GAAP) requires the use of the accrual-basis. Explain why the accrual-basis is a better choice than the cashbasis for the GAAP requirement.