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Differences Between Accrual-Basis and Cash-Basis Accounting

A cashier at a hotel in Thailand

A cashier at a hotel in Thailand

The cash-basis method, unlike the accrual method, relies on the receipt and payment of cash to recognize revenues and expenses.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Cashier | Flickr - Photo Sharing!."
    http://www.flickr.com/photos/stefanedberg62/2406508840/ Flickr CC BY-SA.

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