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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

JANUARY 3, 2023

Larger companies tend to use the accrual basis of accounting, meaning that revenues and expenses are recorded at the time of the transaction (when you get a bill or raise an invoice), not at the time when the payments are made. Single-entry bookkeeping vs. double-entry bookkeeping.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

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