Accrual Accounting vs Cash Basis Accounting: Whats the Difference?
Looking at the accrual method from a high-level perspective, it uses standard accounts such as; cash, equity, income, and cost of goods sold (COGS) in its configuration. With the accrual method, you must record income when you have earned it and record expenses when services were rendered (or products were shipped). Even if there hasn’t … Devamını oku…