Question

accrual basis of accounting ​

Answer 1

Answer:

• When using accrual accounting, companies often end up paying expenses before the associated cash is received (for example, paying the sales tax before they receive their cash for the sale). ... For example, a company that uses accrual basis accounting records a sale as soon as it sends an invoice to a customer.

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Answer 2

Answer:

here your answer is:-

Explanation:

Accrual accounting is an accounting method where revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. The method follows the matching principle, which says that revenues and expenses should be recognized in the same period.

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