Entrepreneurship and Sustainability Issues is a peer-reviewed journal which publishes original research papers and case studies

Entrepreneurship and Sustainability Issues is a peer-reviewed journal which publishes original research papers and case studies

Entrepreneurship and Sustainability Issues is a peer-reviewed journal which publishes original research papers and case studies

Entrepreneurship and Sustainability Issues is a peer-reviewed journal which publishes original research papers and case studies

Entrepreneurship and Sustainability Issues is a peer-reviewed journal which publishes original research papers and case studies

At present, the basic principle of double-entry bookkeeping in Slovakia as well as according to international accounting standards is the accrual principle. Accounting in the world as well as in Slovakia has undergone a long development, as long as the accounting units could apply this principle in practice. The article is based on the requirements of the European Union and takes into account two assumptions: accrual basis and continuous duration in terms of business operation. The aim of the presented article is to compare the cash and accrual principle in the accounting of the Slovak Republic according to international accounting standards. In the article, we applied the research method -comparison / accrual and cash principle. We used the method of comparison and the method of analysis of performed controls. The article contains a presentation of the results of the control activities of the Supreme Audit Office of the Slovak Republic and the Financial Administration of the Slovak Republic, which these institutions performed at public administration entities and business entities.