An accountant following accrual-based accounting procedures records all revenues and expenses immediately rather than waiting until payment has actually been sent or received. Cash accounting is ...

The cash method may be appropriate for a small, cash-based business or a small service company. You should consult your accountant when deciding on an accounting method. More from Accounting ...

Indian Railways has successfully transitioned to an accrual-based accounting system, a move expected to enhance financial transparency and ease resource mobilization from multilateral agencies and ...