cash accounting

Tag: cash accounting

Cash Accounting vs Accrual Accounting

See Also: Accrual Based Accounting Generally Accepted Accounting Principles (GAAP) Cash Accounting vs Accrual Accounting There are two different types of accounting that businesses use: cash accounting vs accrual accounting. Most businesses use accrual accounting, but it varies by the type of business. These two methods are both legal and accepted by the Internal Revenue Service. The

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