Accrual and cash basis The accrual basis of accounting matches revenues earned with expenses incurred.
{"Image DocumentName": "Accrual and cash basisThe accrual basis of accounting matches revenues earned with expenses incurred.", "Image ImageDescription": "The cash basis matches revenues received with expenses paid. It is not satisfactory for most businesses because it results in financial statements that are not comparable from period to period, except when the amounts of prepaid, unearned, and accrued items are not material.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}