Examlex
In the English language, /d/ and /k/ are examples of
U.S.GAAP
United States Generally Accepted Accounting Principles, which are the set of accounting standards used for financial reporting in the U.S.
Accrual-Basis
An accounting method that records income and expenses when they are earned or incurred, regardless of when the cash is actually received or paid.
Cash-Basis
An accounting method where revenues and expenses are recorded when they are actually received or paid, not when they are incurred.
Income Statement
A financial statement that shows a company's revenues, expenses, and net income over a specific period of time.
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