Basis of accounting

A basis of accounting can be defined as the time various financial transactions are recorded. The cash basis (EU VAT vocabulary Cash accounting) and the accrual basis are the two primary methods of tracking income and expenses in accounting.

Both can be used in a range of situations from the accounts of a whole country, a large corporation, a small business or an individual. In many cases regulatory bodies may require individuals, businesses or corporations use one method or the other. When this is not the case, the choice of which to use is an important decision as both have advantages and disadvantages.

单词	Accrual method of accounting
释义	Accrual method of accounting 英语百科 Basis of accounting A basis of accounting can be defined as the time various financial transactions are recorded. The cash basis (EU VAT vocabulary Cash accounting) and the accrual basis are the two primary methods of tracking income and expenses in accounting. Both can be used in a range of situations from the accounts of a whole country, a large corporation, a small business or an individual. In many cases regulatory bodies may require individuals, businesses or corporations use one method or the other. When this is not the case, the choice of which to use is an important decision as both have advantages and disadvantages.
随便看	period of variable star的意思 period of verification的意思 period of vibration的意思 period of vigorous economic development的意思 period of wave的意思 period of waves的意思 period of yolk formation的意思 period of yolk formation period的意思 period of zero flow的意思 periodogram的意思 Periodogram analysis的意思 periodogram的意思 periodograph的意思 periodo hydrocarbon的意思 periodohydrocarbon的意思 periodology的意思 periodometer的意思 periodonatal dressing的意思 periodonatal pack的意思 periodontal的意思 periodontal abscess的意思 Periodontal Abscesses的意思 periodontal adamantoblastoma的意思 periodontal aesthetics的意思 periodontal anesthesia的意思

Accrual method of accounting

Basis of accounting