Accrual Accounting

What is the meaning of Cash Accounting?

December 20, 2017

Cash accounting is a process of accounting where the recording of receipts is done when they are received and the expenses are recorded when the money is actually paid. Thus, transactions are recorded when they take place in practice. It is more useful for small companies and...

What is ‘Accrual Accounting’?

November 25, 2017

Accrual Accounting is a technique of accounting in which transactions viz. revenue and expenses are recorded as and when they are incurred irrespective of when the cash is exchanged. This is highly significant in the assessment of the health of any organisation. This is useful in businesses...