Accrual vs. Cash Basis: Understanding Revenue and Expense Recognition

In this video, students will learn about two key accounting methods: accrual basis and cash basis. It explains how each method handles revenue and expense recognition—whether based on the provision of goods and services (accrual) or actual cash transactions (cash basis). The video will also cover examples of how businesses record transactions under both methods, providing a clear understanding of how and when financial events are recognized in accounting.