AAA 7. Cash basis vs Accrual Basis from sent aaa Watch Video
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Description: Why doesn't my sales equal what's in my bank account? This video I discuss cash vs accruals, and how to use different profit and loss reports for different periods.nnWhat is the difference between cash and accrual accounting? Why doesn't the sales on the profit and loss equal the bank account? How do receivables work on the balance sheet? Answers here :)nnHi, I'm Tim Fairweather from Australian Accounting Advisory, and here's a quick video on the difference between cash basis and accrual basis f
Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)