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Floating screeds are mainly used to
Cash Basis
An accounting method where revenues and expenses are recognized only when cash is received or paid, respectively.
Accrual Basis
An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash transactions occur.
Income
The money received, especially on a regular basis, for work or through investments.
Depreciation Expense
Segmenting the cost related to a physical asset through its active life.
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