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Annual cash basis assignment help is available in countries like USA, UK, UAE, Canada and Australia. Before we tell you more about annual cash basis assignment help, let us try to understand what annual cash basis means.
Annual Cash Basis
It is an important accounting method which recognizes revenue and expenses at the moment physical cash is paid out or received by the business. It is different from other practices of accounting as other method like accrual accounting records the revenue earned even if the payment is not received and expenses when liabilities are incurred but not paid.
A clear concept is important to complete assignment on this topic. This method as discussed is different from other methods but with the annual cash basis assignment help, you’ll be able to understand the topic well.
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Advantages Of Annual Cash Basis
• Easy to understand: It is much simpler than other accounting method and small businesses can use and avoid a professional accountant.
• Single entry system: This can be recorded with single entry system, so a complex accounting program is not required. However, this can also be a drawback for the business.
• Shows exact cash flow: It gives an accurate idea of how much cash is spent and how much is remaining on hand which helps business to take steps accordingly.
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