What is the mostly used basis for business accounting? Why?

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
Young & jamison's modified cash-basis financial statements indicate cash pai...
Posted by:
Mahmoud Mansour
10-October-2013

1. Accrual Basis

2. Cash basis

Accounting Cost Accounting Business Management Financial Accounting Business Administration

Question added by Ajmal Kareem , ACCOUNTANT , AL AMAL HOUSE TRADING CO. W.L.L
Date Posted: 2017/05/03

Upvote (0) Views (5) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by Ahmed ibrahim , محاسب عام , شبكة المحامين العرب

thanks for invite

Accrual basis

because it's include income whatever if it by cash or credit

i see its make you more controller for accounts

Downvote Reply () Report

Popular Searches

Sales Executive Jobs Engineers Jobs Engineering Technicians Jobs Accountant Jobs Driver Jobs

Write Your Answer

More Questions Like This

Under the accrual basis of accounting, expenses are reported in the accounting period when the?
Top Answer: <p>Under the accrual basis of accounting, expenses are reported in the accounting period when the?& ... See More

Answers (9)
How are revenues and expenses recognized under the accrual basis of accounting?
Top Answer: <p>Accrual Basis Of Accounting</p> <p> </p> <p>The accounting method under ... See More

Answers (19)
Under the accrual basis of accounting, expenses are reported in the accounting period when the:
Top Answer: When the expenses occur, not when the cash is paid See More

Answers (1)
Under the accrual basis of accounting, revenues are reported in the accounting period when the
Top Answer: <p>when risk and reward is transfer to customer.Goods delievery is one of the condition to recognis ... See More

Answers (32)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.