Accrual to cash

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  • August 20, 2015 at 3:02 am #196249
    Anonymous
    Inactive

    When going from accrual to cash and a/r has increased, you would subtract that increase from sales revenue correct to find cash basis revenue?

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  • August 20, 2015 at 12:20 pm #687704
    Anonymous
    Inactive

    Yes. In practice, I have noticed that some will calculate by using the change & others will reverse the PY entry & then subtract the CY AR balance for the CY entry.

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