Question

What is difference between credit translation and accrual concept?​

Answer 1

Explanation:

The main difference between accrual and cash basis accounting lies in the timing of when revenue and expenses are recognized. The cash method is a more immediate recognition of revenue and expenses, while the accrual method focuses on anticipated revenue and expenses.

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Answer 2

Explanation:

The difference between cash basis and accrual basis accounting comes down to timing. ... If you do it when you pay or receive money, it's cash basis accounting. If you do it when you get a bill or raise an invoice, it's accrual basis accounting