Question.4412 - Discussion Topic: Discussion - Chapter 3Discussion - Chapter 3What is the difference between the cash basis and the accrual basis of accounting?
Answer Below:
The xxxx difference xxxxxxx the xxxx and xxxxxxx basis xxxxxxxxxx is xxxxxx to xxxxxx the xxxxxxx and xxxxxxxx for xxx period xxxxxxx basis xxx cash xxxxx of xxx accounting xxx opposite xx each xxxxx Cash xxxxx of xxxxxxxxxx recognizes xxx revenue xxxx the xxxx is xxxxxxxx and xxxxxxxx are xxxxxxxx when xxx cash xx paid xxxxx the xxxxxxx basis xx the xxxxxxxxxx revenue xx recognized xxxx the xxxxxxxx are xxxxxxxxx or xxxx the xxxxx are xxxxxxxxx to xxx customers xxxxx the xxxxxxx basis xx the xxxxxxxxxx expenses xxx recorded xx recognized xxxx they xxx incurred xxxxxx than xxxx are xxxx ThanksMore Articles From ACC 101 OT 1 SU24 - Accounting I
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