Examlex
Betsy overheard some people in the student union discussing SES. She immediately knew that they were talking about: ________.
Accrual Basis
An accounting method where transactions are recorded when they are earned or incurred, regardless of when cash is exchanged, offering a more accurate financial picture.
Cash Basis
An accounting method where revenues and expenses are recorded when they are actually received or paid, not when they are incurred.
Cash Receipts
The total amount of cash received by a business during a specified period.
Cash Flows
The net amount of cash and cash-equivalents being transferred into and out of a business, used to evaluate its financial health.
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