The major difference between a cash basis accounting system and an accrual basis accounting system is the timing of recording revenues and assets.

Name: The major difference between a cash basis accounting system and an accrual basis accounting system is the timing of recording revenues and assets.
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The major difference between a cash basis accounting system and an accrual basis accounting system is the timing of recording revenue or expense.

The Major Difference Between a Cash Basis Accounting System and an Accrual