G Accounting System

Accounting System

Accounting System

Cash Basis

Cash basis, so named by analogy with the functioning of the cash account is a single entry bookkeeping. It merely noted the instantaneous phenomena: income and expenditure of various kinds. (Duska, 2003)

Cash accounting does not follow the sequence of events in time, it cannot lead to synthesis: description of the assets, the outcome measure. On the other hand it allows the evaluation of certain classes of income and expenditure; it allows the control of agents who handle cash, it avoids a class of income or expenditure exceeds the amount expected. The advantage of cash accounting only ...