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Accrual Basis
An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash transaction happens.
GAAP Constraint
Guidelines that restrict or limit certain accounting practices under Generally Accepted Accounting Principles, to ensure fairness, consistency, and accuracy in financial reporting.
Disbursement Basis
Accounting method where expenses are recorded when cash is paid out, rather than when incurred.
CICA Handbook
The comprehensive guide published by the Canadian Institute of Chartered Accountants detailing accounting practices and standards in Canada.
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