Ask Question
29 May, 10:30

Discuss the two main types bookkeeping may be completed. which method is easier and why

+5
Answers (1)
  1. 29 May, 11:16
    0
    The main difference between Accrual and Cash Basis accounting is the moment when an income or expense is recorded.

    Cash Basis recognize and record an income or an expense only when cash is transferred between the parties. However, Accrual Basis recognize them as soon as they occur without the need of cash transaction.

    Based on the precious the most used Method is the Accrual Basis, thus, the easiest method, as it does not have to way to the cash operation to record the revenue or the expense.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Discuss the two main types bookkeeping may be completed. which method is easier and why ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers