Question

difference between accrual basis and cash basis​

Answer 1

Answer:

Accrual accounting means revenue and expenses are recognized and recorded when they occur, while cash basis accounting means these line items aren't documented until cash exchanges hands. ... The accrual method is the most commonly used method, especially by publicly-traded companies as it smooths out earnings over time.

Answer 2

Answer:

Accrual accounting means revenue and expenses are recognized and recorded when they occur, while cash basis accounting means these line items aren't documented until cash exchanges hands. ... The accrual method is the most commonly used method, especially by publicly-traded companies as it smooths out earnings over time.

Explanation:

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