Cash Basis Accounting vs. Accrual Accounting
In this video, we explain cash basis accounting versus accrual accounting. Learn more about cash basis accounting versus accrual accounting here: https://bit.ly/2PGdqVE
The difference between cash and accrual accounting lies in the timing of when sales and purchases are recorded in your accounts. Cash accounting recognizes revenue and expenses only when money changes hands, but accrual accounting recognizes revenue when it’s earned, and expenses when they’re billed (but not paid).
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Watch video Cash Basis Accounting vs. Accrual Accounting online without registration, duration hours minute second in high quality. This video was added by user Bench Accounting 02 May 2018, don't forget to share it with your friends and acquaintances, it has been viewed on our site 119,99 once and liked it 45 people.