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WebCash can be paid out in an earlier or later period than obligations are incurred (when goods or services are received) and related expenses are recognized that results in the following two types of accounts: Accrued expense: Expense is recognized before cash is paid out. Deferred expense: Expense is recognized after cash is paid out. WebJul 20, 2024 · Businesses use the accrual accounting method to record revenues and expenses the moment transactions occur, even if money changes hands at a later date. … chera enj chari da yaar lyrics in urdu
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