Name the two basis of accounting
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❤✨ᴀᴄᴄᴏᴜɴᴛɪɴɢ ᴍᴇᴛʜᴏᴅ ʀᴇғᴇʀs ᴛᴏ ᴛʜᴇ ʀᴜʟᴇs ᴀ ᴄᴏᴍᴘᴀɴʏ ғᴏʟʟᴏᴡs ɪɴ ʀᴇᴘᴏʀᴛɪɴɢ ʀᴇᴠᴇɴᴜᴇs ᴀɴᴅ ᴇxᴘᴇɴsᴇs. ᴛʜᴇ ᴛᴡᴏ ᴘʀɪᴍᴀʀʏ ᴍᴇᴛʜᴏᴅs ᴀʀᴇ ᴀᴄᴄʀᴜᴀʟ ᴀᴄᴄᴏᴜɴᴛɪɴɢ ᴀɴᴅ ᴄᴀsʜ ᴀᴄᴄᴏᴜɴᴛɪɴɢ. ᴄᴀsʜ ᴀᴄᴄᴏᴜɴᴛɪɴɢ ʀᴇᴘᴏʀᴛs ʀᴇᴠᴇɴᴜᴇ ᴀɴᴅ ᴇxᴘᴇɴsᴇs ᴀs ᴛʜᴇʏ ᴀʀᴇ ʀᴇᴄᴇɪᴠᴇᴅ ᴀɴᴅ ᴘᴀɪᴅ; ᴀᴄᴄʀᴜᴀʟ ᴀᴄᴄᴏᴜɴᴛɪɴɢ ʀᴇᴘᴏʀᴛs ᴛʜᴇᴍ ᴀs ᴛʜᴇʏ ᴀʀᴇ ᴇᴀʀɴᴇᴅ ᴀɴᴅ ɪɴᴄᴜʀʀᴇᴅ.✨❤
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a basis of accounting is the time the various financial transactions are recorded the cash( e u vat) vocabulary cash counting
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