Georgia Bard's Corner Message Board

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Pastimes : Georgia Bard's Corner

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To: Ga Bard who wrote (2741)	5/26/1998 11:00:00 PM
From: JSB	Read Replies (1) of 9440

Ga, it was not included as income. What distinguishes cash basis from accrual basis, is when the income is recognized. On a cash basis, income is recognized when the cash is received. On an accrual basis, it is recognized when billed or produced. Hope that makes it a little clearer. Best to all Jeff

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