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Quotes of the day:
I gave Donald free rein, he has great vision, and everything he touches seems to turn to gold. Donald is the smartest person I know.
Accrual accounting is one of two accounting method, the other being cash accounting. Accrual accounting measures the performance and position of a company by recognizing economic events regardless of when cash transactions occur. (For related reading, see How Does Accrual Accounting Differ from Cash Basis Accounting?)
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