What is the difference between cash accounting and accrual accounting? Why would a health care organization want to use accrual accounting over cash accounting (or vice versa)?
A cash basis accounting is one where transaction is recorded when the cash is paid or received. While in accrual basis the... View the full answer
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Following is the difference between cash accounting and accrual accounting - Cash accounting mainly reports and records cash... View the full answer
Health care organization should use accrual accounting as it the detailed informational report of... View the full answer