Question

What are the bases of accounting

Answer 1

Answer:

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

Explanation:

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Answer 2

Answer:

A basis of accounting is the time various financial transaction are recorded . The cash basis and the accrual basis is the two primary methods of traking income and expences the accounting