tax accounting

Accrual vs Cash…What’s the Difference?

by Robert Seth May 6, 2011

The question of accrual vs. cash refers to the type of accounting method the business uses. It determines when income and expense are recognized (recorded) for tax or accounting purposes.  There are other accounting methods, but these two are by far the most widely used.  The cash method is the simplest. It gets its name […]

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