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    jj254 Posts: 1, Reputation: 1
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    #1

    Oct 8, 2007, 12:57 PM
    Accrual Accounting
    How does one find the net income using accrual accounting
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    atunaisa Posts: 2, Reputation: 1
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    #2

    Oct 9, 2007, 05:10 AM
    Quote Originally Posted by jj254
    How does one find the net income using accrual accounting
    We calculate net income through accrual basis by subtracting expenses as they are incurred from income as earned. The income and expenses in other words is not determined as they earned or paid but when realised to have been earned or incurred.

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