Modified Accrual Accounting

𝐖𝐡𝐲 𝐌𝐨𝐝𝐢𝐟𝐢𝐞𝐝 𝐀𝐜𝐜𝐫𝐮𝐚𝐥 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠? 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐄𝐱𝐩𝐥𝐚𝐧𝐚𝐭𝐢𝐨𝐧.

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Modified accrual accounting recognizes revenues only when measurable and available. And recognize expenses when they incur.