Chapter 3: Measuring Business Income: Adjusting the Accounts
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Created by smjackson7
almost 12 years ago
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Created by smjackson7
almost 12 years ago
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Cash Method:
Revenue/Gain =
Cash Method:
Decreases/Losses =
Accrual Method:
Revenues/Gains are recognized when:
Accural Method:
Expenses/Losses are recognized when
In general, try to ______ revenues and expenses
