Accrual basis vs Cash basis accounting explained with Example, Advantages, Disadvantages

In this video, we're discussing one of the most fundamental concepts in financial accounting which BBA students, specifically accounting students encounter in their 1st year of college- the difference between accrual basis and cash basis accounting which is covered in the basic course principles of Accounting.

We provide a clear explanation of what each method entails and offer an illustrative example to highlight the contrast between the two. We also outline the advantages and disadvantages of each approach, so you can make an informed decision about which method to use for your business.

Whether you're an aspiring accountant or a business owner looking to better understand your finances, this video is for you. Don't miss out on this opportunity to gain a deeper understanding of accounting basics - hit that play button now!

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