Exam (elaborations)
NJ CALA Finance Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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Cash Basis Accounting : Keeping records that shows only income actually received during a fiscal period and only expenses paid during a fiscal year. *Record income when cash or check is received *Record expense when check is written Accrual Basis Accounting : Keeping records that show all in...
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