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Revenues are recorded when the sale transaction is complete, not when the customer makes payment, but management must then estimate what proportion of those credit sales will not be collected in the future.

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Which method of accounting is used to account for nonappropriated funds?

accrual


Is it true or false Under GAAP the accrual system of accounting is used by investors and banks for financial statements.?

Under GAAP, the accrual system of accounting is used by investors and banks for financial statements. True or False?


Accrual accounting system?

Accrual Accounting system is a basic bookkeeping system which realizes the transactions and records it when it occurs, and not when the cash is exchanged. This accounting system is one of the most commonly used bookkeeping practices by majority of businesses.


Is it true or false tht Under GAAP the accrual system of accounting is used by investors and banks for financial statements.?

Under GAAP, the accrual system of accounting is used by investors and banks for financial statements. True or False?


Is this accrual system used by investor and bank for financial statements?

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yes


Is it true that Under GAAP the accrual system of accounting is used by investors and banks for financial statements.?

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Cost accounting and management accounting?

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What should be accounting treatment of an unearned income when the service is provided?

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