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    Shoney08's Avatar
    Shoney08 Posts: 1, Reputation: 1
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    #1

    Aug 20, 2009, 02:24 AM
    Accounting for Assets & Inventory
    What would the differences be when accounting for fixed assets & inventory under the cash basis vs. accounting for them under the accrual method.:confused:
    zturner's Avatar
    zturner Posts: 8, Reputation: 1
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    #2

    Aug 25, 2009, 10:06 AM

    Cash basis is just that. You only account for what has been paid for. There are no receivables or payables.
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