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  • Explain The Formula in Computing Income Other Than Sales Under Accrual Basis

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    JAHNHANNALEI MARTICIO
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    Income other than sales under accrual basis includes items earned as income regardless of when received. The formula for computing this income looks at any items earned as revenue during an accounting period, even if payment is not received until a later date. Accrual accounting recognizes revenue in the period in which it is earned through the delivery of goods or services, rather than when payment is received.

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    Explain the Formula in Computing Income Other Than Sales Under Accrual Basis

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    Income other than sales under accrual basis includes items earned as income regardless of when received. The formula for computing this income looks at any items earned as revenue during an accounting period, even if payment is not received until a later date. Accrual accounting recognizes revenue in the period in which it is earned through the delivery of goods or services, rather than when payment is received.

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    41 views1 page

    Explain The Formula in Computing Income Other Than Sales Under Accrual Basis

    Uploaded by

    JAHNHANNALEI MARTICIO
    Income other than sales under accrual basis includes items earned as income regardless of when received. The formula for computing this income looks at any items earned as revenue during an accounting period, even if payment is not received until a later date. Accrual accounting recognizes revenue in the period in which it is earned through the delivery of goods or services, rather than when payment is received.

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    7.

    Explain the formula in computing income other than sales under accrual
    basis.

    Items earned are considered as income regardless when received

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