Under the cashndashbasis method of accounting only cash, Ask an Expert

Accounting

Under the cash–basis method of accounting, only cash transactions are recorded in the books of account. Using this type of accounting, only cash receipts and cash payments are treated as revenue and expenses respectively.

Discuss some of the advantages or disadvantages of using the cash–basis method of accounting. Provide some examples.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91976276

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