Accountancy, asked by kshitijtiwari5, 4 months ago

Give any two advantages of basis of accounting.​

Answers

Answered by ItzStrawBerry
22

Because you only record income and expenses when money actually changes hands, you can control the timing of transactions. By controlling transaction timing, you can speed up expenses and slow down revenue. That way, you can legally increase your expenses and decrease income to lower your tax liability.

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