#Shorts: Temporary Difference Example: Cash vs. Accrual

#Shorts: This is a short from our full video: https://www.youtube.com/watch?v=0J5jkDAc2xY

In this short we show an example of how a deferred tax liability can exist due to cash versus accrual accounting. We also run through the journal entries of setting up a deferred tax liability and unwinding that deferred in the future.

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