Glossary
With over 200 terms in both English and French, our M&A Dictionary is designed to help you better understand the key words and concepts related to the sale oe purchase of a business in Canada.
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Accrual Basis Accounting
« Back to Glossary IndexCategory: Accounting and Finance
An accounting method used by accountants to prepare financial statements wherein revenue is recorded when a sale is made, whether or not cash is received at the time. Similarly, expenses are recorded when goods and services purchased are received, not when they are paid for.
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