Figure 3. Accrual Basis in Recording Transactions

   Revenue      Accounts       C a s h      Accounts    Expenditure
   accounts     receivable     +     -      payable     accounts
   =========    ----------     -------     ---------    ===========
1      !            !             !            ! ----------> !
2      !            !             ! ---------> !             !
3      ! ---------> !             !            !             !
4      !            ! ----------> !            !             !
