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When does accrual basis accounting record a transaction?

When does accrual basis accounting record a transaction?
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When does accrual basis accounting record a transaction?

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User NSGaga
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The main difference between accrual and cash basis accounting is the timing of when revenue and expenses are recognized.
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User Jonathan Ballet
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When does accrual basis accounting record a transaction? When under new ownership.
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User Wenli Wan
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