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Difference between cash and accrual accounting method?

Thread title: Difference between cash and accrual accounting method?
     
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03-15-2007, 05:21 AM
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  Old  Difference between cash and accrual accounting method?

In regards to United States tax forms (Schedule C), it asks if the accounting method is "cash" or "accrual". What is the difference betweeen the two methods?
     

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