what are the 3 accounting methods 
the three accounting methods are cash basis of accounting accrual basis of accounting and a hybrid of the two called modified cash basis of accounting the bottom lineaccrual accounting is an accounting method in which payments and expenses are credited and debited when earned or incurred accrual accounting differs from cash basis accounting where expenses are recorded when payment is made and revenues are recorded when cash is received accrual accounting uses double entry accounting where there are generally two accounts used when entering a transaction this method is more accurate than cash basis accounting because it tracks the movement of capital through a company and helps it prepare its financial statements 