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View Full Version : Accrual and Cash basis Accounting


ladyrelly
Apr 14, 2013, 07:27 PM
What is is accrual basis accounting?
What is cash basis accounting?
Explain the difference

pready
Apr 14, 2013, 08:01 PM
Here is a link for the definition of Accrual basis accounting.

Accrual Accounting Definition | Investopedia (http://www.investopedia.com/terms/a/accrualaccounting.asp)

Cash basis accounting is when transactions are recorded only when cash is received or cash is spent.