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    Acc Outing

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    Kyan Law
    Cash basic accounting only records cash transactions, while accrual accounting takes into account forecasted revenue that has not yet been received in cash, such as deferred revenue and accounts receivable. Both accounting methods will have the same amount of cash, but accrual accounting provides a more complete picture of revenue and expenses by recognizing them when incurred rather than when cash is received or paid out.

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    Acc Outing

    Uploaded by

    Kyan Law
    18 views1 page
    Cash basic accounting only records cash transactions, while accrual accounting takes into account forecasted revenue that has not yet been received in cash, such as deferred revenue and accounts receivable. Both accounting methods will have the same amount of cash, but accrual accounting provides a more complete picture of revenue and expenses by recognizing them when incurred rather than when cash is received or paid out.

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    Accounting method

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    Cash basic accounting only records cash transactions, while accrual accounting takes into account forecasted revenue that has not yet been received in cash, such as deferred revenue and accounts receivable. Both accounting methods will have the same amount of cash, but accrual accounting provides a more complete picture of revenue and expenses by recognizing them when incurred rather than when cash is received or paid out.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    18 views1 page

    Acc Outing

    Uploaded by

    Kyan Law
    Cash basic accounting only records cash transactions, while accrual accounting takes into account forecasted revenue that has not yet been received in cash, such as deferred revenue and accounts receivable. Both accounting methods will have the same amount of cash, but accrual accounting provides a more complete picture of revenue and expenses by recognizing them when incurred rather than when cash is received or paid out.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    Cash basic accounting & Accrual accounting, both will have the same cash amount but accrual

    accounting take in forecast revenue (deferred value & account receivable)

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