Archive for June 2021

This contributes to why the general accounting principles (GAAP) does not find cash accounting acceptable. It can also be complicated to switch from cash accounting to accrual accounting. The main accounting methods are cash accounting, accrual accounting, and a hybrid of both methods. For example, some businesses use different methods based on the account or…

This contributes to why the general accounting principles (GAAP) does not find cash accounting acceptable. It can also be complicated to switch from cash accounting to accrual accounting. The main accounting methods are cash accounting, accrual accounting, and a hybrid of both methods. For example, some businesses use different methods based on the account or…