ACCT 201 at Towson University

1. Cash vs. Accrual Accounting

in Topic 4 (Video 1 of 11)
Some businesses operate on the Cash Basis of accounting, but most are on the Accrual Basis. Cash is super simple, Accrual gets a little trickier.

This Video Mentioned Some Formulas

Revenues
– Expenses
Net Income

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