Principles of Accounting: 03. Cash vs. Accrual Basis

When a company tracks its income and expenses, the method it uses is called its "basis of accounting." The two most commonly used methods are called "cash basis" and "accrual basis." In this course, we'll talk about what these two methods are, how they differ, and the pros and cons of each.

Keywords: business, business skills, principles of accounting, Accounting, HSI-ej4