+ Accrual Accounting vs Cash Basis Accounting: Whats the Difference? vatiz 2022.02.09 These methods advance from customer definition influence how revenue and expenses are recognized, which ultimately affects the balance sheet and income statement. The cash basis of accounting recognizes revenues when cash is received, and expenses when they are paid. Cash basis accounting is a common accounting method that records any incoming and outgoing transactions at the time when cash is pai... Read More..
