What is the difference between cash basis and accural basis of accounting

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Cash basis accounting records transactions when cash is received or paid, while accrual basis accounting records transactions when they occur.

Cash basis accounting is simpler and easier to maintain than accrual basis accounting.
Accrual basis accounting provides a more accurate picture of a company's financial health.
Cash basis accounting is commonly used by small businesses, while accrual basis accounting is used by larger businesses.
In cash basis accounting, revenue is recognized when cash is received, and expenses are recognized when cash is paid.
In accrual basis accounting, revenue is recognized when it is earned, and expenses are recognized when they are incurred, regardless of when cash is received or paid.
Accrual basis accounting requires the use of adjusting entries to record transactions that occur at the end of an accounting period but are not yet recorded.
Examples of businesses that use cash basis accounting include small retail shops and restaurants.
Examples of businesses that use accrual basis accounting include manufacturing companies and large corporations.

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