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to explain to a new employee the difference between the cash basis of accounting and...

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Accounting

to explain to a new employee the difference between the cash basis of accounting and the accrual basis. Mention the expenses are recorded under each method.
Employee
he student)
accounting regards all cash receipts as revenues and all cash payments as expenses. The hed and expenses as they are incurred, not when cash is received or paid. There is a difference in the timing of the re xpenses using the cash basis and the accrual basis.
revenues are recorded that is, when the business
corded and liabilities created
image

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