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Опубликовано: 7 августа, 2022 в 5:57 пп


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ACCRUAL BASIS ACCOUNTING: With accrual basis accounting, you ‘account for’ expenses and sales at period the transaction occurs. Here is the most accurate way of accounting for your personal business activities. If you sell something to Mrs. Fernwicky today, you’d record the sale as of today, regardless of whether she plans on paying you in a couple of months. If you buy some paint today, you make up it today, even if you’ll pay because of it next month when the availability house statement comes. Cash basis accounting records the sale when the bucks is received and the expense when the check goes out. Not as accurate a photo of what is happening at you company.

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