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gayaneshka [121]
4 years ago
12

Cash-basis vs. accrual-basis accounting?

Business
1 answer:
ki77a [65]4 years ago
4 0
The cash<span> 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 </span>accrual<span> method accounts for revenue when it is earned and expenses goods and services when they are incurred. ... </span>Accrual<span> accounting is the most common method used by businesses.</span>
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