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Term Of The Hour

change cash-based to-accrual: Original post by Shula Asher Silberstein of Demand Media Businesses may use one of two accounting methods to keep track of their income and expenses. If they use the cash method, they record income when it's received and record expenses when they are paid. Conversely, the accrual method requires businesses to record income when it's earned and expenses when they're incurred. The Internal Revenue…

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