Accrual Accounting – A Method of Convenience
There are two methods of accounting which include accrual accounting, cash
accounting be the other one. This article will focus on what is accrual
accounting, its type, and the advantages and disadvantages when compared to
the cash account.
What is Accrual Accounting?
Accrual in financial accounting is recording the revenue earned by a firm but
the payment is due and the expenses are made but the firm is yet to make the
payment. The matching principle is followed in accrual accounting that
demands the expense and revenue to be identified in the same period when
Read the article to know more: Accrual Accounting - A Method of
Convenience - Business Upside
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