Question

define cash basis of accounting ????​

Answer 1

Answer:

The cash basis is a method of recording accounting transactions for revenue and expenses only when the corresponding cash is received or payments are made. Thus, you record revenue only when a customer pays for a billed product or service, and you record a payable only when it is paid by the company.

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Answer 2

Answer:

Cash basis of Accounting is the method of measuring of transactions occurred in which the cash is received or given to others. In these there is cash included

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