Danescu, Tatiana; Rus, Luminita - In: Annales Universitatis Apulensis Series Oeconomica 2 (2013) 15, pp. 7-7
or receipt thereof, as soon as they occur. There are twobasic models of accounting: accrual basis and cash basis. In the … method. Inthe cash basis, revenues and expenses are reported in the period in which the payment is made orthe income is …