Question

why there is a difference balance shown in the asset side of the balance sheet​

Answer 1

Answer:

There is a difference between cash accounting and accrual accounting in the US standards. There are also times when tax accounting will require this, in US accounting. For example: Let's say that you are a book ...

4 votes

This is an A2A. Expenses incurred by the company in its own formation, and some expenses which ...