Assignment: Accounting Practices and EntriesAccounting practices and principles are at the heart of financialmanagement. To understand the financial transactions of health careorganizations it is necessary to understand the different types ofaccounting practices and how entries are made and items recordedusing each practice.Due Date: Day 7 [Individual forum]Write a 700- to 1050-word paper in APA format comparing andcontrasting the different types of accounting namely accrual cashflow and fund accounting. Be sure to consider the following:o How are entries made under each type of accounting?o How does each type of accounting handle depreciation if atall?o How is inventory accounted for?o Are there any differences between the organizations that adopt aparticular accounting method?o What are the strengths and weaknesses of the various types ofaccounting?Cite at least two sources other than your text.Post your paper as a Microsoft Word attachment.