Accountancy, asked by anisurrahaman887621, 4 months ago

Mention three advantages of cash basis of accounting.
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Answers

Answered by priyakumari57012
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Answer:

Advantages of Cash basis of accounting are as follows:

1.Easy to use. Because cash basis is the easiest accounting method.

2. Another advantage of cash-basis accounting is that it lets you easily see how much cash you actually have on hand.

3.Some businesses may benefit from using cash accounting when it comes to taxes.

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