Question

Explain the cash basis and mixed basis of double entry system

Answer 1

Accounting is not as one dimensional as it sometimes seems to people. It also has a few systems and types, which allows the accountant to choose the system .Some Businesses Choose Cash Basis Accounting This approach is more straightforward because it uses a single-entry system: each transaction results in just one transaction record entry. A double-entry accrual system, by contrast, requires at least two bookkeeping entries for each.

Answer 2

Explanation:

Accounting is not as one dimensional as it sometimes seems to people.ot also has a few systems and types,which allow the accountant to choose the system.