Comparison Of Cash And Accrual Methods Of Accounting
The cash basis and the accrual basis are the two primary methods of tracking income and expenses in accounting.
Both can be used in a range of situation from the accounts of a whole country, a large corporation, and down to the smallest business or individual. In many cases regulatory bodies may require individuals, businesses or corporations the use of one or other method - but when this is not the case, the choice of which to use is an important decision as both have advantages and disadvantages.
Read more about Comparison Of Cash And Accrual Methods Of Accounting: Cash Basis, Accrual Basis
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