Question

what do you mean by cash basis of accounting​

Answer 1

Answer : Cash basis of accounting means that method in which only cash transactions are recorded only when cash received.

• It is rarely used method to record transaction .

• It ensure company' s total cash flows .

Answer 2

Cash basis accounting is the recognizing of cash only when received and not when earned. Income from credit accounts is not included in cash basis accounting until in the businesses account. The accounting for expenses paid is when the business pays them, not when incurred.

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