Course Description:

In this episode of Accounting Basics for Beginners we take on the question – which is better? The Accrual Basis of Accounting or the Cash Basis? This episode of Accounting Stuff – Accounting Basics Lesson 8 – is a continuation of our series on Basic Accounting for Beginners. In this tutorial, you will learn: ▪ The definition of the Accruals Basis of Accounting. ▪ Accrual vs Cash Basis – Why is Accrual Accounting better than Cash Accounting? ▪ This will be demonstrated using examples comparing both the accrual method and cash method. ▪ The importance of the Matching Principle. ▪ The Pros and Cons of Accrual Basis of Accounting. Course Length: 7:06 Source: Accounting Stuff

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