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Laloo77

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Laloo77

Re: memeil26 post# 6300

Wednesday, 03/19/2014 1:32:36 PM

Wednesday, March 19, 2014 1:32:36 PM

Post# of 38634
Under Accrual Accounting, which is the principle used for US GAAP, Revenues are recorded (booked) when earned. Revenues are not recorded when the actual payments are received.
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