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What we believe. The truth about clean beauty.

CASH BASIS ACCOUNTING

Under the cash accounting method, say Company A receives $10,000 from the sale of 10 computers sold to Company B on Nov. 2, and records the sale as having occurred on Nov. 2. In addition, the Tax Reform Act of 1986 prohibits the cash accounting method from being used for C corporations, tax shelters, certain types of trusts,...
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