Bases of Accounting -Cash Basis& Accrual Basis MCQ #commerce#business #accounting#basisofaccounting

Description: Bases of Accounting explain the methods used to record financial transactions in accounting. The two main bases are Cash Basis Accounting and Accrual Basis Accounting. In cash basis, transactions are recorded when cash is received or paid, while in accrual basis, transactions are recorded when they occur, regardless of cash movement. These methods help businesses prepare financial statements and determine accurate profit or loss. like share comment subscribe #business #commerce #accounting #education #account #accouting #exam #basisofaccounting #reels #accountancy#studyvideo #gaankasagar