APP: 006 Accrual Accounting

In this particular episode, you will learn Accrual and cash
basis accounting Double entry accounting Podcast transcript:
Accrual Basis Accounting and the Matching Principle Accrual basis
accounting is based upon Generally Accepted Accounting Principles
(GAAP). This system is double entry and matches revenues and
expenses during the proper period. For example, a company could
have $50,000 in [...]


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