Accountancy, asked by Adil004, 11 months ago

diffrence between cash and accrual basis of accounting​

Answers

Answered by 204117
0

Answer:

The contrast between cash and collection bookkeeping lies within the timing of when deals and buys are recorded in your accounts. Cash bookkeeping recognizes income and costs as it were when cash changes hands, but gathering bookkeeping recognizes income when it's earned, and costs when they're charged (but not paid)

Explanation:

hope this helped :p

Similar questions