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2021

accruals-financial-operations

Income but no cash?!

SMB Accounting and Consulting

NOVEMBER 4, 2021

This answer can vary depending on whether the company’s books are kept on a cash basis or accrual basis, but the general premise is the same. This is why all 3 financial statements (balance sheet, profit and loss or income statement, and cashflow statement) are imperative to review and understand.

Accruals

Accruals Financial Statements Accounts Receivable Accounts Receivable

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