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cash flow
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  Cash Flow and Fund flow Statement P.P.Sengupta  ACCRUAL BASIS OF ACCOUNTING  Offers the best matching of revenues and expenses  Required under Generally Accepted Accounting Principles:  –  Important when major businesses want to raise large amounts of money  Smaller service organizations often use the Cash or Modified Cash Basis  CASH BASIS OF ACCOUNTING  Revenues are recorded when cash is RECEIVED  Expenses are recorded when cash is PAID  Similar to Accrual Basis if:  –  There are few receivables, payables, and assets  Can vary significantly if:  –  Business has many receivables, payables, and assets  CASH BASIS OF ACCOUNTING  Revenues are recorded when cash is RECEIVED  Expenses are recorded when cash is PAID  Similar to Accrual Basis if:  –  There are few receivables, payables, and assets  Can vary significantly if:  –  Business has many receivables, payables, and assets
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