Cash Basis Study Material

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CASH BASIS

-
&

-
-
Accrual Basis
-
-
(ASH Bacis
CASABasis.
-


Everythi n g
on

All Allowed

Revenue
Here E
Capital Expenditures
Except for Land
-
&
Building).
-
Means Capital
No

Tautwe deduct
ByP
Allowance Here. When we
to six
-
.

costin
plant Add it
Complete when we sell we in

Reciepts.
Sales
③In
and
FormalAccrual
"Capital
Basistopic, Car
Allowance Allowed. Butin
RunniCach
ng
cost

Allowed. you can


of
Car
No
Expenses
Actual
Only
claim Mileage Allowance on Business Miles
⑦This topic Individuals Not for Companies.
only
for

Basis

in. Payment
~
Recierable 10,000

Reciepts. -

40,000.
-

e
-
--

Purchases.. 30,000
Cash .. 24000.
t
yable
62600

=>
m-

Receivable 3800
- - -

-
e

-
Cash 10
-
-
-

=>
-
- -

6260
Accrual Basis

v 7
-

-
-
CASTH BASIS
-
-

9000x0-45-.--

wicist wantt
15600.
Furniture 4700. Cost 4700
AIA 14700]
WA; (2008).400:3
-23
-
.
600

-> for Cash Basis.


-@


esputs.
-
able
10275
lask - 39,635
-
X

49910
xpios
105 Carte
Accura
->
-

2023

Basil)

CAccrual
- -

18%
- --
-
-
=

I
XIN.
-
- -
-
-
↳$0
20,000 miles.
- -
- ↑

- -
e n
-

S 5y. Bien
-

=>
- -

S
-
-
-
--
R. Esso Y Accrual Basis.

d. I put14500)
Cach Basis (
16777.
!sofree

t'
-
-

I
-

L -
-

F Cost9000. 3550
...

-(1620)x65%.:1053
5
-

-
~

4553I
=
-
Accrual Basis
- -
Cash Basis
-- -

Revenue. 49910
Revie o 39 635

Les*. (125777
Business use
of (13160)...------ (3500).
Furnitue.-
(4553)
Capital Allow.
age
Am
-

9340x65%(607) (52507
-

4500
10,000x0.45
CarExp:=
=

#50
3000 x0.25=

Exp.-(1405).
other ottertop--C100s)
- -

I 7223
Tax adigt -4
AdjrProfi -
-
-
-
/ S

-> Cash Basis is Beneficial Here.

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