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    ladyrelly's Avatar
    ladyrelly Posts: 4, Reputation: 1
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    #1

    Apr 14, 2013, 07:27 PM
    Accrual and Cash basis Accounting
    What is is accrual basis accounting?
    What is cash basis accounting?
    Explain the difference
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

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

    Accrual Accounting Definition | Investopedia

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

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