What is the difference between the cash basis and accrual basis of accounting?

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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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Question Posted: Sep 21, 2024 05:19 AM

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What is the difference between the cash basis and accrual basis of accounting?

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The cash basisreports revenues when cash is received while the accrual basis reports r...View the full answer

Fundamental Accounting Principles

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