Accountancy, asked by uvaliya1, 7 months ago

Differentiate between Cash basis and accrual basis of accounting​

Answers

Answered by Saumili4
3

Answer:

Accrual Basis: The transaction and revenue are recorded when earned and expenses are recorded when consumed.

Cash Basis: The transaction and revenue are recorded when cash is received from customers. Expenses are recorded when cash is paid to suppliers and employees

Explanation:

I hope this helps you dear

Similar questions