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Accrual Basis Vs. Cash Basis AccountingEssay Preview: Accrual Basis Vs. Cash Basis AccountingReport this essayAccrual Basis vs. Cash Basis AccountingCash basis and accrual basis accounting are the two principle accounting methods for keeping track of a businesss income and expenses (Fishman, 2012). According to the cash basis method, the income is not recorded until actual.