What is the difference between cash-basis accounting and accrual accounting?

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What is the difference between cash-basis accounting and accrual accounting?

What is the difference between cash-basis accounting and accrual accounting?

 

Part 1 The practice of reporting financial information as a function in today’s operation of a medical practice is particularly important due to intense demands for fiscal acuity. Therefore, it’s important to understand the difference between cash and accrual accounting. What is the difference between cash-basis accounting and accrual accounting? How does each method affect the […]