Comptabilité de caisse et Comptabilité d'exercice comptable
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Comptabilité de caisse et Comptabilité d'exercice comptable

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  • Notes d'étude
  • Révisions du sujet
    Kooagile K.
    BW
    Kooagile K.

    accrual we mean adding interest and investments

    Kangira J.
    UG
    Kangira J.

    When goods are purchased and sold on cash basis the these transactions are called cash transactions. In cash transactions, a business pays cash when goods are delivered by the supplier. Similarly a business receives cash when goods are sold to the customers. These two situations are referred as cash purchases and cash sales respectively. While Accrual Basis Accounting means that revenue and costs are earned and incurred not as cash is received or paid out but as they are recognized as being applicable to a particular period. This means all expenses or incomes relating to any particular accounting period are taken into consideration while preparing Trading and Profit and Loss Account.

    Kangira J.
    UG
    Kangira J.

    If you use the cash method, income is counted when cash is actually received, and expenses are counted when actually paid. But under the more common accrual method, transactions are counted when they happen, regardless of when the money is actually received or paid. So with the accrual method, income is counted when the sale occurs, and expenses are counted when you receive goods or services. The cash and accrual methods can produce the same results. As you can readily see, the results produced by the cash and accrual accounting methods will only be different if you do some transactions on credit. If all your transactions are paid in cash as soon as completed, including your sales and your purchases, then your ledgers will look the same, regardless of what method you use.

    Kangira J.
    UG
    Kangira J.

    What is cash versus Accrual Basis Accounting?

    Ariel S.
    US
    Ariel S.

    To prevent the actual possibility of a mistake double check your entry and then review after the entry.

    Michaela Umu L.
    SL
    Michaela Umu L.

    The main difference between accrual and cash basis accounting is the timing of when revenue and expenses are recognized . The cash method is most used by small businesses and for personal finances. The cash method accounts for revenue only when the money is received and for expenses only when the money is paid out.

    Michaela Umu L.
    SL
    Michaela Umu L.

    definition of cash accrual?

    Sareena R.
    US
    Sareena R.

    Which one would be best for a small company are a company that is just starting.

    Blessing W.
    GB
    Blessing W.

    In using the cash basis in accounting, revenues are recorded in the period they are received from customers in the income statement and expenses are recorded when the cash are paid out in the income statement . While in the accrual basis, revenue are recorded in the income statement when they're earned which occurs before cash is received from customers and expenses are recorded in the period they occur when is often in the period different from when payments are made. The accrual basis is preferred to the cash basis because it provides a better picture of a company's profits in an accounting period.

    Blessing W.
    GB
    Blessing W.

    What is the best method for large company?

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