August 11, 2022
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Cash Basis AccountingCash Basis Accounting means income and expenses are only recorded when paid.In the strictest sense, this means no accounts receivableComing Soon to a Browser Near You! and no accounts payableComing Soon to a Browser Near You exist.In theory, this means
There are 5 major account types in a company’s Chart of Accounts: Assets LiabilitiesComing Soon to a Browser Near You! Equity Revenue Expenses The first 3 make up the
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