Question

Diiiferentiate between cash and accrual basis of accounting?​

Answer 1

How can we do life? It is a very good thing, till we do not live, we do not remain good and from here we live our lives, this is why we get everything;

Explanation:

cash

Answer 2

Answer:

The main difference between accrual and cash basis accounting lies in the timing of when revenue and expenses are recognized. The cash method is a more immediate recognition of revenue and expenses, while the accrual method focuses on anticipated revenue and expenses.

Explanation:

Income on the cash basis only includes income that your customers have paid to you. Expenses on the accrual basis include everything you owe, regardless of whether or not you have sent a payment. Expenses on the cash basis include only the expenses that you have already paid.