Accrual Basis Accounting
An accounting method that records income and expenses when they are earned or incurred, not when money actually changes hands. This gives a more accurate picture of financial performance by matching revenue with related costs, regardless of payment timing.
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All-Purpose Financial Statement
A financial report designed for general use by a wide audience management, investors, creditors, or regulators. It usually includes standard…
All-Inclusive Income Statement
A version of the income statement that includes all items affecting net income, operating results, gains, losses, and unusual or…
Acid-Test Ratio
The acid-test ratio, also called the quick ratio, evaluates a company's short-term liquidity by measuring its ability to pay current…
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