by Crystal_C2682 on October 18th, 2011

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Why would politicians prefer the cash basis over the accrual basis?

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Why would politicians prefer the cash basis over the accrual basis?

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My company records revenue of $166,000 and expense of $149,000, all on the cash basis. If net income on the accrual basis is $11,000 and expense on the accrual basis is $159,000, what is net income on the cash basis?

Why is the accrual basis of accounting generally preferred over cash basis?

My CASH account balance changes when I switch from cash basis to accrual basis on a QuickBooks Balance Sheet. Why is this happening? Cash is cash, right? You either have it or you don't. I have checked every transaction and can find no discrepancies. Help

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Why is the accrual basis of accounting generally preferred over cash basis?

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Why would politicians prefer the cash basis over the accrual basis?

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