Accrual Basis of Accounting

Corporate Finance & Business, Education

7 Differences Explained on Cash Basis vs Accrual Basis

We discussed accrual basis and cash basis in detail in our earlier posts, but today we will discuss the differences between a cash basis vs. accrual basis. In cash basis accounting, the transaction is accounted for only after the cash is received. On the…

Corporate Finance & Business, Education

What is the Accrual basis of Accounting? [Explaination]

There are two accounting methods in practice; cash basis and accrual basis of accounting. These two accounting methods are useful for a company to measure their economic positions by recording transactions, regardless of (Accrual Basis) or cash (Cash Basis) when the payment…