1- Is cash-basis accounting more reliable than accrual-basis accounting because the former deals with actual cash received and paid? 2- So then is accrual basis accounting is 100% truthful? Can you fool the readers of the financial statements using accrual accounting? If so, how?

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986 viewsJune 4, 2017

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Darshita 6.14K June 4, 2017 0 Comments

1- Is cash-basis accounting more reliable than accrual-basis accounting because the former deals with actual cash received and paid?

2- So then is accrual basis accounting is 100% truthful? Can you fool the readers of the financial statements using accrual accounting? If so, how?

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score 0 · Answer 1 · 2017-06-04T04:53:02+00:00

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