Advantages of Cash Basis

1.	Advantages of Cash Basis
Answer» For tax purposes, there are definiteadvantagesto thecash accounting basisforaccounting. Cash accountingensures that taxes are not paid on monies that have not yet been received; this improvescashflow and ensures that funds are available for tax expenditures.

Answer»

For tax purposes, there are definiteadvantagesto thecash accounting basisforaccounting.

Cash accountingensures that taxes are not paid on monies that have not yet been received; this improvescashflow and ensures that funds are available for tax expenditures.

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Advantages of Cash Basis

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