Accrual vs Cash Basis Accounting: What Are the Differences?

Content Accrual Basis Accounting Definition & Examples Accrual Basis Accounting Method Cash-Basis Accounting Definition Accrual basis accounting What Is Cash-Basis Accounting? It is possible to have an income tax and Social Security tax receivable or a deferred tax asset. In these instances the sign (+/-) of the period would be reversed when making the accrual … Read more