Question

name the basis of accounting​

Answer 1

Explanation:

A basis of accounting is the time various financial transactions are recorded. The cash basis (EU VAT vocabulary cash accounting) and the accrual basis are the two primary methods of tracking income and expenses in accounting.

The are three accounting methods:

Cash Basis. Accrual Basis. Hybrid Method.

PSC started work on the basis of four alternative accounting bases: cash basis; modified cash basis; modified accrual basis; and accruals basis.