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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.