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Paperback Cash Versus Accrual Basis of Accounting: An Introduction Book
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ISBN: 1505587859

ISBN13: 9781505587852

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...

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