Jumat, 06 Juni 2014

CASH AND ACCRUAL BASIS


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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