Archive For January 18, 2018

If There Weren’t Two Accounting Methods You’d Have To Make Them Up!

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If There Weren’t Two Accounting Methods You’d Have To Make Them Up!

As any textbook on accounting methods will tell you, there are two main methods by which companies record their financial transactions in their books. They call one cash-basis accounting, and they call the other accrual accounting. If anyone asks you what the difference between the two accounting methods is, the most important one is this…

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