Cash
basis accounting
|
Cash
basis accounting recognizes revenue and expenses when cash is received or
paid
Under cash basis accounting Revenue recognition: when cash is received Expense recognition: when cash is paid |
Accrual
basis accounting
|
Accrual
basis accounting recognizes revenue and expenses when services are delivered
or received
Under accrual basis accounting Revenue recognition: when revenue is earned Expense recognition: when related revenue is recognized |
Sumber : http://accountingstudy.com/accounting-courses/financial-accounting-terms-dictionary/accrual-basis-accounting-terms.htm
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