Cash Versus Accrual Basis of Accounting: An Introduction
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This report introduces two general methods of accounting-the cash basis method and accrual basis method. The choice of accounting method determines the timing of the recognition of revenue and expenses. Under cash basis accounting, revenue and expenses are recorded when cash is actually paid or received. Under accrual basis accounting, revenue is recorded when it is earned and expenses are reported when they are incurred. Understanding the differences...
Format:Paperback
Language:English
ISBN:1505587859
ISBN13:9781505587852
Release Date:December 2014
Publisher:Createspace Independent Publishing Platform
Length:24 Pages
Weight:0.18 lbs.
Dimensions:0.1" x 8.5" x 11.0"
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