How do you convert a income statement to the accrual basis?
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How do you convert a income statement to the accrual basis?
The Income statement uses Accrual Basis if the organization uses Accrual Base Accounting.
If Not you have to add items like what you owe to people or that people owe you, but youhave not paid and Depreiation Expenses. Cost of supplies used and the like.
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