Question

what are the basis of accounting? explain.​

Answer 1

Answer:

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.

Explanation:

hope you are satisfied

Answer 2

Answer:

A basis of accounting is the same 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