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18 May, 17:05

Cash-basis vs. accrual-basis accounting?

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  1. 18 May, 19:27
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    The cash method accounts for revenue only when the money is received and for expenses only when the money is paid out. On the other hand, the accrual method accounts for revenue when it is earned and expenses goods and services when they are incurred ... Accrual accounting is the most common method used by businesses.
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