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Tag: Accrual Basis

Accounting

Cash Basis vs. Accrual Basis Accounting

There are typically two methods companies use to account for transactions, known as the cash basis and the accrual basis methods of accounting. The main difference between these methods of accounting is when revenue and expenses are recognized by a company. Cash Basis: A company that uses the cash basis of accounting recognizes revenue as… Read More

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Posted 4 years ago May 26, 2017
By Josh Charlillo
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