Question

what is accrual basis of accounting???​

Answer 1

Accrual basis is a method of recording accounting transactions for revenue when earned and expenses when incurred. ... A key advantage of the accrual basis is that it matches revenues with related expenses, so that the complete impact of a business transaction can be seen within a single reporting period.

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Answer 2

Accrual basis is a method of recording accounting transactions for revenue when earned and expenses when incurred.

A key advantage of the accrual basis is that it matches revenues with related expenses, so that the complete impact of a business transaction can be seen within a single reporting period.

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