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  2. Cash method of accounting - Wikipedia

    en.wikipedia.org/wiki/Cash_method_of_accounting

    There are certain advantages in tax planning when the cash method of accounting is used: for instance, payment of business expenses may be accelerated before year end, in order to maximize tax deductions, whereas billings for services may be postponed to after year end, so that payments won't be received until the new year, thus postponing tax ...

  3. Cash flow statement - Wikipedia

    en.wikipedia.org/wiki/Cash_flow_statement

    In financial accounting, a cash flow statement, also known as statement of cash flows, [1] is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities. Essentially, the cash flow statement is concerned with ...

  4. Revenue recognition - Wikipedia

    en.wikipedia.org/wiki/Revenue_recognition

    In contrast, the cash accounting recognizes revenues when cash is received, no matter when goods or services are sold. Cash can be received in an earlier or later period than when obligations are met, resulting in the following two types of accounts: Accrued revenue: Revenue is recognized before cash is received.

  5. Basis of accounting - Wikipedia

    en.wikipedia.org/wiki/Basis_of_accounting

    The two primary bases of accounting are the cash basis of accounting, or cash accounting, method and the accrual accounting method. A third method, the modified cash basis, combines elements of both accrual and cash accounting. The cash basis method records income and expenses when cash is actually paid to or by a party.

  6. Cash receipts journal - Wikipedia

    en.wikipedia.org/wiki/Cash_receipts_journal

    A Cash receipts journal is a specialized accounting journal and it is referred to as the main entry book used in an accounting system to keep track of the sales of items when cash is received, by crediting sales and debiting cash and transactions related to receipts.

  7. California Inflation Relief: Here’s When You’ll Get Paid in ...

    www.aol.com/finance/california-inflation-relief...

    To help California residents battle inflation, the state started sending Middle-Class Tax Refund (MCTR) payments early October. However, some residents are still waiting for the one-time payments ...

  8. Operating cash flow - Wikipedia

    en.wikipedia.org/wiki/Operating_cash_flow

    For example, a company with numerous fixed assets on its books (e.g. factories, machinery, etc.) would likely have decreased net income due to depreciation; however, as depreciation is a non-cash expense [5] the operating cash flow would provide a more accurate picture of the company's current cash holdings than the artificially low net income.

  9. Rico Carty, 15-year MLB vet and former batting champ with ...

    www.aol.com/rico-carty-15-mlb-vet-211359463.html

    Carty's best season came in 1970, when he led the NL with a .366 batting average and .454 on-base percentage, with 25 homers and a career-high 101 RBI.

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