Basis of accounting
id:
basis-of-accounting-205-15976177
title:
Basis of accounting
text:
In accounting, a basis of accounting is a method used to define, recognise, and report financial transactions. The two primary bases of accounting are the cash basis of accounting, or cash accounting, method and the accrual accounting method. A third method, the modified cash basis, combines elements of both accrual and cash accounting.
- The cash basis method records income and expenses when cash is actually paid to or by a party.
- The accrual method records income items when they are ear
brand slug:
wiki
category slug:
encyclopedia
description:
The time when financial transactions are reported
original url:
https://en.wikipedia.org/wiki/Basis_of_accounting
date created:
2007-11-20T16:36:30Z
date modified:
2024-09-10T12:17:13Z
main entity:
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image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/e/e6/Ledger.png","width":1706,"height":896}
fields total:
13
integrity:
16