• Thiago Eleocadio
• 3 de dezembro de 2020
• Bookkeeping
• 0 Comments

Here, accruals are the revenue or expenses that have been earned or incurred, but cash transactions are yet to occur. The key difference between cash accounting and accrual accounting is related to the timing of when the transactions are recorded. While cash accounting records revenues and expenses once actual cash transfer takes place, accrual accounting records revenues or expenses at …