How To Decide The Accounting Method For A New Business
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In this video I discuss which accounting method to use for a new company. The 2 methods are Cash Accounting and Accrual Accounting. We discuss some examples of financial transactions to illustrate the impact of the choice on the income statement.
Accrual Accounting is the method that's compliant with US GAAP (Generally Accepted Accounting Principles).
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Watch video How To Decide The Accounting Method For A New Business online without registration, duration hours minute second in high quality. This video was added by user The Financial Controller 14 February 2023, don't forget to share it with your friends and acquaintances, it has been viewed on our site 7,269 once and liked it 291 people.