Question

differentiate between cash and accrual basis of accounting​

Answer 1

HELLO BUDDY

Answer:

The difference between cash and accrual accounting lies in the timing of when sales and purchases are recorded in your accounts. Cash accounting recognizes revenue and expenses only when money changes hands, but accrual accounting recognizes revenue when it's earned, and expenses when they're billed (but not paid).

Answer 2

Explanation:

Hey dear...

Answer..✌

The difference between cash and accrual accounting lies in the timing of when sales and purchases are recorded in your accounts.

Cash accounting recognizes revenue and expenses only when money changes hands,

but accrual accounting recognizes revenue when it's earned, and expenses when they're billed (but not paid).

✌❤hope it helps you✌❤