Cash Basis Accounting

Corporate Finance & Business, Education

7 Differences Explained on Cash Basis vs Accrual Basis

We discussed accrual basis and cash basis in detail in our earlier posts, but today we will discuss the differences between a cash basis vs. accrual basis. In cash basis accounting, the transaction is accounted for only after the cash is received. On the…

Corporate Finance & Business, Education

What is Cash Basis Accounting? [Simple Explanation]

Two accounting methods are used to record transactions regardless of cash or cash in hand. We saw how transactions are recorded in the accrual accounting method though we didn’t have cash in hand. But on a Cash basis accounting method,…