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Understand the difference between cash basis and accrual accounting with a simple story. Learn how each method works and why accrual accounting is preferred for financial reporting. Discover the benefits of accrual accounting and how it impacts your business finances. Get a clear overview of the two accounting methods and choose the right one for your business.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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