Question

cash basis of accounting is suitable for professinals. why?​

Answer 1

Answer:

Cash-basis accounting is good for tracking cash flow. Cash flow measures the money coming in and going out of your business during a certain period. With cash-basis accounting, you can see how much actual cash you have at a given period. But, cash-basis accounting is not ideal for matching revenue to an expense budget.....

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Answer 2

Answer:

Cash-basis accounting is good for tracking cash flow. Cash flow measures the money coming in and going out of your business during a certain period. With cash-basis accounting, you can see how much actual cash you have at a given period. But, cash-basis accounting is not ideal for matching revenue to an expense budget.