Write down the difference between Cash basis system and Accrual basis system

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what is cash basis system and accrual basis system in accounting


Cash : It is a system in which accounting entries are made only when cash is received or paid. Cash basis system means the same as money, which is immediately available. Professional people record there income while any cash  or cheque received, similarly record as expenses when actually cash  or cheque paid both are in a liquid manner.

Accrual : It is a system in which accounting entries are made only the basis of amounts having became due for payment or received. In accrual basis system  the interest or investment is the adding together for different cases over a period of time.

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