Skip to main content

Posts

Showing posts with the label Accrual basis accounting

iPhone 16 Series All Details & Leaks Are Here! AI, New Button, Big Display...

Unlocking the Secrets: iPhone 16 Series Revealed! AI, New Buttons, and Big Displays Unveiled! Are you eagerly awaiting the next big release from Apple? Brace yourself for the iPhone 16 series, where innovation meets anticipation. In this article, we'll delve into all the exciting details and leaks surrounding this highly anticipated release. AI Integration  One of the most buzzed-about features of the iPhone 16 series is its enhanced AI capabilities. With advanced algorithms and machine learning, these phones promise to deliver a smarter, more intuitive user experience. From personalized recommendations to seamless voice commands, get ready to interact with your device like never before. New Button Dynamics Say goodbye to the conventional button layout! The iPhone 16 series is rumored to introduce a new button configuration that enhances functionality and usability. With the addition of an action button, users can expect quicker access to their favorite features and applications, m

Bases of Accounting Class 11 Chapter 4: Cash Basis vs. Accrual Basis

Introduction to Basis of Accounting Accounting is the process of recording, summarizing, and interpreting financial transactions. It is used to track the financial performance of a business or organization. There are two main bases of accounting: cash basis accounting and accrual basis accounting. Points to be covered : Cash basis Accrual basis How does cash basis accounting work? Advantages of cash basis accounting Disadvantages of cash basis accounting How does accrual basis accounting work? Advantages of accrual basis accounting Disadvantages of accrual basis accounting When to Use Cash Basis Accounting When to Use Accrual Basis Accounting Difference between cash basis accounting and accrual basis accounting some additional things to consider when choosing a basis of accounting Conclusion Cash basis : cash basis accounting records transactions only when cash is received or paid. This means that revenue is recorded when cash is received, and expenses are recorded when cash is paid.