Question

what is the accrual basis of accounting? ​

Answer 1

Answer:

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

Answer:

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