Difference of accounting methods and their impact on repoted Income (1000 words)
Introduction:
To record business transactions one can choose any method cash or accrual method of accounting for reporting of financial income or tax.
Both the accounting methods are different and have some advantages and disadvantages that affect the reporting of income.
To record business transactions one can choose any method cash or accrual method of accounting for reporting of financial income or tax.
Both the accounting methods are different and have some advantages and disadvantages that affect the reporting of income.
TIntroduction
Cash Accounting
Pros & Cons
Accrual Accounting
Pros & Cons
Accrual Method and cash method for Financials
Taxes payment in Cash and accrual Method
References
Cash Accounting
Pros & Cons
Accrual Accounting
Pros & Cons
Accrual Method and cash method for Financials
Taxes payment in Cash and accrual Method
References
